$Sundial Growers Inc.(SNDL)$2022 has been hard going for many industries operating against a backdrop of inflation running hot and rising interest rates. The negative macro developments affected all corners of Sundial’s () latest quarterly report.The Canadian cannabis company dialed in total net revenue of C$17.6 million, amounting to a ~29% sequential drop, as seasonal slower sales hit the top-line. Net cannabis cultivation dropped by 31% quarter-over-quarter to C$8.8 million as both wholesale and provincial distributor sales took a hit – falling by around 64% and 14% Q/Q, respectively.As the company postures toward the premium inhalables categories and moves away from discount offerings, Canaccord analyst sees further “near-term challenges” for
$Sundial Growers Inc.(SNDL)$Sundial Growers reported Q1-2022 revenue of CA$17.6 million, representing a 78% increase YoY.The company’s numbers do not yet include the Alcanna and Nova Cannabis acquisitions.Alcanna’s Q1-2022 revenue, not included in Sundial’s revenue report, was CA$162.5 million.Sundial Growers is currently undervalued, and its stock has begun a new uptrend.I am now rating Sundial Growers as a Buy and recommend a long-term strategy.Sundial Growers Looking Bullish As Revenue Growth From Acquisitions IncreasesMay 19, 2022 12:34 PM ETSundial Growers Inc. (SNDL)VFF, VLNS9 Comments4 LikesAlan Sumler profile pictureAlan Sumler878 FollowersSummarySundial Growers reported Q1-2022 revenue of CA$17.6 million, representing a 78% increase YoY.T
$Sundial Growers Inc.(SNDL)$Sundial Growers reported Q1-2022 revenue of CA$17.6 million, representing a 78% increase YoY.The company’s numbers do not yet include the Alcanna and Nova Cannabis acquisitions.Alcanna’s Q1-2022 revenue, not included in Sundial’s revenue report, was CA$162.5 million.Sundial Growers is currently undervalued, and its stock has begun a new uptrend.I am now rating Sundial Growers as a Buy and recommend a long-term strategy.Sundial Growers Looking Bullish As Revenue Growth From Acquisitions IncreasesMay 19, 2022 12:34 PM ETSundial Growers Inc. (SNDL)VFF, VLNS9 Comments4 LikesAlan Sumler profile pictureAlan Sumler878 FollowersSummarySundial Growers reported Q1-2022 revenue of CA$17.6 million, representing a 78% increase YoY.T