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Why Sundial Growers is the best marijuana stock to invest in.

MissReggae

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Why Sundial Growers is the best marijuana stock to invest in.

There is a golden rule in investing that you should never invest in a penny stock. Penny stocks sell for pennies for a reason; the companies behind them are usually garbage. There is also a saying that if a stock was selling for pennies in the last 52 weeks, even if it is no longer selling for pennies but it is under five dollars then by rule, it is still a penny stock.

In the last 52 weeks, Sundial Growers’ stock (SNDL) has hovered between 14 cents and $1.70. Currently it is selling for $1.10 which means it is essentially a penny stock. So why are we saying that a penny stock is the best option in the marijuana space to invest in?

Up until last week, Sundial Growers was a major concern on whether the company had enough money to survive the next six months. Thanks to the recent fiasco involving Robinhood, Reddit and Game Stop; Sundial Growers got caught up in the mix and whether miraculously, coincidentally or purposely. They were thrown a lifeline just in the nick of time.
Related Article: Genetically Modified Marijuana is headed to dispensaries in Colorado.

While Sundial Growers did not enjoy the huge gains as Game Stop of even AMC, their stock price raised enough for the company to raise some much needed funds.

The company said it would seek to raise roughly $74.5 million from the sale of shares and warrants. The offering is expected to close on Feb. 4. The sale comes on the heels of another $100 million share offering that Sundial closed earlier today.

Sundial said these offerings will boost its cash reserves to roughly $615 million. Management also hinted that the cannabis company could be on the hunt for new acquisition targets.

“Sundial’s current balance sheet and liquidity enable management to focus on delighting consumers while providing significant optionality to participate in North American consolidation,” Sundial CEO Zachary George said in a press release. “We are grateful for continued investor support as we pursue attractive capital allocation opportunities within the emerging cannabis industry.”

Normally it is not good when a company issue more stocks to raise money on the public market as it dilutes the shares of the current stock holders. In the case of Sundial Growers, it might seem really bad as the company now have a whopping 1.5 billion (yes, billion with a ‘b’) shares outstanding.
Related Article: Marijuana can give women mind blowing orgasms.

So why potential investors should not be too concerned about the high number of shares outstanding? The last few trading days the company has been trading volume has been over a billion shares a day or close to a billion. Today 954 million of its shares changed hands and the average daily volume is 420 million. So even though the float is high, the trading volume is equally high; plus with a low price of $1.10 per share it would be easy to do a reverse split to lessen the float and increase the stock price.

With $615 million worth of cash in its coffers and major marijuana reform getting ready to take place in the United States, Sundial is sitting in a very great place.
 

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The article doesn’t even say what Sundial actually does or what differentiates them from competition. Their known for their “pure” cannabis products.

Sundial is being pumped due to its cheap price as folks are trying to find the next $GME. I’ve had it since $0.25 made my profit and left.

There are better marijuana stocks.
 

TrappinOut

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The article doesn’t even say what Sundial actually does or what differentiates them from competition. Their known for their “pure” cannabis products.

Sundial is being pumped due to its cheap price as folks are trying to find the next $GME. I’ve had it since $0.25 made my profit and left.

There are better marijuana stocks.
Like which ones?
 

mrsgreen

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The article doesn’t even say what Sundial actually does or what differentiates them from competition. Their known for their “pure” cannabis products.

Sundial is being pumped due to its cheap price as folks are trying to find the next $GME. I’ve had it since $0.25 made my profit and left.

There are better marijuana stocks.
I'd love to know which ones.
 

brandy716

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I'm waiting for it to go up also. I just want .25 cent more. I wanted to ride it out to 2.00 but I don't see anything special about the company. I try to find any dirt, research for inventions or hires but this one has 0 info out there.
 

PrimaDonnaDiva

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I'm waiting for it to go up also. I just want .25 cent more. I wanted to ride it out to 2.00 but I don't see anything special about the company. I try to find any dirt, research for inventions or hires but this one has 0 info out there.
People are saying it's a long term hold so I think I'm probably gonna go with the flow for now. I can afford to hold so why not.
 

PucciGalore

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I got in a little late at 0.68. I’m going to hold it for a little while. I’m new to investing and I’m already up by 61% in this stock.
 

MissReggae

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The article doesn’t even say what Sundial actually does or what differentiates them from competition. Their known for their “pure” cannabis products.

Sundial is being pumped due to its cheap price as folks are trying to find the next $GME. I’ve had it since $0.25 made my profit and left.

There are better marijuana stocks.

Why not share the better marijuana stocks?
 

MissReggae

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I got in a little late at 0.68. I’m going to hold it for a little while. I’m new to investing and I’m already up by 61% in this stock.

Did you put in a stop loss so you don't lose all your profit?
 

jetsetta

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The article doesn’t even say what Sundial actually does or what differentiates them from competition. Their known for their “pure” cannabis products.

Sundial is being pumped due to its cheap price as folks are trying to find the next $GME. I’ve had it since $0.25 made my profit and left.

There are better marijuana stocks.

This is correct. OP, @Yelhsa2000 @mrsgreen most traders aren't gonna tell y'all what they're doing until after they do it because they don't want to lose their edge. They'll dip in a thread every once in a while, but they'll never tell you everything. And that goes for any general forum not just LSA. You'll probably find better answers to your questions on a penny stock forum.

A quick way to check if something is about to flame out is to google the company's stock symbol on twitter and then go to your trading app and see if it's already peaked a few times recently. If it has it's a pump and dump and it's best to stay away unless you can buy the morning dip for a few thousand shares and sell quickly once it peaks.
 

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Why not share the better marijuana stocks?
I didn’t want to derail your thread since it was made about SNDL and I already rained on your parade lol.

COVID-Era Economy: Investing + Swing Trading

My favorite MJ tickers are $KERN, $ACB, $CGC, $TLRY - anyone interested should do their own research.

The issue with your post is that the website you posted isn’t a reliable source for financial decisions, the article also says they might issue more shares, then it talks about a reverse split which is essentially decreasing shares. Those are two different things. Your article also states that Sundial was in trouble financially up until last week when it got tossed into the GameStop fiasco.... so once folks sell of does that mean they are going to be back to square one? LOL. Furthermore, your article doesn’t actually share what Sundial does - why invest in a company but you don’t know what it does? What differentiates it from others?

Sundial is at a premium right now. If it was under $0.75 then I wouldn’t have said anything. Once folks lose interest it’s going to drop and then new traders who are hopping on all of these trains late get stuck holding a bag. Anyone hopping onto Sundial in the last week isn’t an investor. Especially since they will be diluting shares.
 
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MissReggae

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I didn’t want to derail your thread since it was made about SNDL lol.

I posted some MJ stocks like a week ago. Let me find it and link it.

Understood. I think at the end of the day we are all just looking for good stocks to invest in. So once it is about stocks, even if it is not marijuana stock, it is not a derailment.
 

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Understood. I think at the end of the day we are all just looking for good stocks to invest in. So once it is about stocks, even if it is not marijuana stock, it is not a derailment.
I have a financial background and overly critical so that’s another thing I need to work on is not being a dick lol but when I see these articles encouraging bµllsh!t I say something.
 

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This is correct. OP, @Yelhsa2000 @mrsgreen most traders aren't gonna tell y'all what they're doing until after they do it because they don't want to lose their edge. They'll dip in a thread every once in a while, but they'll never tell you everything. And that goes for any general forum not just LSA. You'll probably find better answers to your questions on a penny stock forum.

A quick way to check if something is about to flame out is to google the company's stock symbol on twitter and then go to your trading app and see if it's already peaked a few times recently. If it has it's a pump and dump and it's best to stay away unless you can buy the morning dip for a few thousand shares and sell quickly once it peaks.

Candidly, even when I share my plays on LSA I don’t think to post first and then make my purchase. I usually want to get the best price possible.

WSB has too many members and can actually move the needle.

Luckily LSA is relatively small potatoes so any incorrect information fonts share is by accident and not to directly misguide you.
 

xtruex

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I bought 200 shares of sundial @1.11 and I’ve seen 166% profit so far,I’m gonna hold this long term and see where it goes
 

mrsgreen

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I don't have that many shares. But as soon as I sell another house I'm going to get more. Any others you recommend?
 

MissReggae

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I bought 200 shares of sundial @1.11 and I’ve seen 166% profit so far,I’m gonna hold this long term and see where it goes

You should have bought 1000 shares. The stock is now at $4.46
 

MissReggae

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I don't have that many shares. But as soon as I sell another house I'm going to get more. Any others you recommend?

The site did an article yesterday recommending Worksport (WSPT). From my own research it does not seem like their product as even hot the market yet though so am waiting before I buy any.
 

NoLove4Heaux

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I should’ve kept tile at but it’s okay.

I have $300 sndl at .5837, it’s been a blessing bc I was in and out of this stock before.

OGI is doing well, too.
Alpha has also done well for me.
 

Hishoneybun

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I sold some of my shares at $3. I'm interested to see what it does. I am going to let the rest ride. All of it was from doge gains so I'm okay with whatever happens.
 

MissReggae

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I sold some of my shares at $3. I'm interested to see what it does. I am going to let the rest ride. All of it was from doge gains so I'm okay with whatever happens.

I sold some at 4.25 and then my stop loss got triggered at 3.75 so am out now but am going to look to get back in sometime today.
 

MissReggae

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When was Sundial over $4? this week -- the 52 week high is showing as $3.96 today.
Which platform are you using?

It was at $4.50 during the pre-market on Tuesday. The 52 week chart only includes regular session prices.

BTW, if you are not trading in the pre and post market could be missing out on a lot of big swings.
 

baddiewitthefatty

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It was at $4.50 during the pre-market on Tuesday. The 52 week chart only includes regular session prices.

BTW, if you are not trading in the pre and post market could be missing out on a lot of big swings.

Ahhhh- got it. Thanks for the clarification, I didn't even think about pre-market.
 

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