Sndl stock. Sundial Growers’ (SNDL) Stock Forecast for 2021

Faizan Farooque is a contributing author for and numerous other financial sites
On the date of publication, Joel Baglole did not have either directly or indirectly any positions in the securities mentioned in this article SNDL Stock Has Many Positive Upside Catalysts Ahead For several value investors, SNDL stock is finally starting to look attractive

SNDL, a penny stock, caught the eye of Reddit group , which decided to pump up the stock to elicit a short squeeze.

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Yahoo is now a part of Verizon Media
Although the stock has skyrocketed, there is nothing much to show in terms of profits
Sundial Growers Stock Price Rises 4%
Marijuana legalization So far 18 US states have legalized recreational marijuana use while 37 have allowed medical marijuana
Yahoo is now a part of Verizon Media
But there is a need for caution
In the first quarter, the company posted positive adjusted EBITDA, the first time in its history, despite a 29% decline in revenue The stock rose sharply amid the short squeeze but has since fallen
SNDL posted adjusted EBITDA SNDL posted a positive adjusted EBITDA in the most recent quarter because of the income that it received from these investments But the acquisition should open up new markets and improve their financial results

No one needs to get burned by Sundial Growers.

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SNDL Stock Price
If you want to skip our detailed analysis of penny stocks, you can go directly to the 5 Best One Dollar Stocks to Buy Now
Investors Should Avoid Getting Burned By SNDL Stock
Sundial has also invested in various edible and cannabis extraction companies as it seemingly tries to spend its way out of trouble
Investors Should Avoid Getting Burned By SNDL Stock
Interestingly, income from strategic investments now outpaces income from cannabis sales
Read More: On the date of publication, Faizan Farooque did not have either directly or indirectly any positions in the securities mentioned in this article The opinions expressed in this article are those of the writer, subject to the InvestorPlace
The stock is up almost 53% so far in 2021 but has crashed 79% from its 52-week highs From facing a survival crisis in 2020, the company is cash-rich now, thanks to the massive share issuance that it did amid the Reddit-fuelled rally

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Yahoo is now a part of Verizon Media
Therefore, long-term investors should steer clear of the stock
SNDL Stock Price
The company intends to open 30 new stores in 2021 and
SNDL Stock Has Positive Momentum, But Investors Need More
Institutional interest has dropped sharply for this one