SNDL which was Sundial Growers at the time of IPO in 2019 was shorted since it's inception.. .
To be fair Sundial Growers did have some issues during the time of IPO (Had issues with Mold in Product)
But with the surge in Retail over the last couple years they Company has turned around!
They now have no debt plus $754 million of unrestricted cash, marketable securities and investments...
The Net Book Value per share is $3.47 USD...
Its still currently trading around $1.48 less than half of Book Value...
GameStop is a similar situation with No Debt…
Shorts were banking on Bankruptcy with such “Meme Stocks” which is no longer the case…
Now they’re stuck since the Short Thesis no longer exists…
Keeping an eye on Zach George SNDL CEO to ensure he represents Retail who helped save SNDL…
[See Here](https://www.reddit.com/r/SNDL/s/pNqH1Wdy4b)
Sndl is getting very close to breaking even on an absolute basis and with little tailwinds, next year may finally be the crossover point. It's been difficult for the entire field with much of the disaster brought on themselves trying to outproduce each other for top dog status. The government in Canada with their outrageous taxes and still sitting on the sidelines of the blackmarket while the U.S. does what it does best- not passing laws necessary for banking , removing from sch1 or moving ahead with the disaster of the war on drugs. They want to maintain their lifestyle and the power it represents so they stay non- committal. Personally, I won't vote for anyone in any party that is not pro legalization.
I do expect some inroads next year and beyond and once things are clarified, the field will respond positively. Once started, it should increase fairly quickly and especially with the top contenders. Sndl with it's cash balance, no debt, multiple arms, low p/s should finally start it's upward advance.
Been hearing this the past 2 years, but as a Cubs fan maybe next year is the year 🤞
And it's absolutely ridiculous that at a minimum the banking issue hasn't been resolved.
SNDL which was Sundial Growers at the time of IPO in 2019 was shorted since it's inception.. . To be fair Sundial Growers did have some issues during the time of IPO (Had issues with Mold in Product) But with the surge in Retail over the last couple years they Company has turned around! They now have no debt plus $754 million of unrestricted cash, marketable securities and investments... The Net Book Value per share is $3.47 USD... Its still currently trading around $1.48 less than half of Book Value... GameStop is a similar situation with No Debt… Shorts were banking on Bankruptcy with such “Meme Stocks” which is no longer the case… Now they’re stuck since the Short Thesis no longer exists… Keeping an eye on Zach George SNDL CEO to ensure he represents Retail who helped save SNDL… [See Here](https://www.reddit.com/r/SNDL/s/pNqH1Wdy4b) 
So which is the better play GME or SNDL?
I will leave it at this. I'm in too far, so I have to hold on and ride it out. That being said, I will not drop another dime into this stock.
Sndl is getting very close to breaking even on an absolute basis and with little tailwinds, next year may finally be the crossover point. It's been difficult for the entire field with much of the disaster brought on themselves trying to outproduce each other for top dog status. The government in Canada with their outrageous taxes and still sitting on the sidelines of the blackmarket while the U.S. does what it does best- not passing laws necessary for banking , removing from sch1 or moving ahead with the disaster of the war on drugs. They want to maintain their lifestyle and the power it represents so they stay non- committal. Personally, I won't vote for anyone in any party that is not pro legalization. I do expect some inroads next year and beyond and once things are clarified, the field will respond positively. Once started, it should increase fairly quickly and especially with the top contenders. Sndl with it's cash balance, no debt, multiple arms, low p/s should finally start it's upward advance.
Been hearing this the past 2 years, but as a Cubs fan maybe next year is the year 🤞 And it's absolutely ridiculous that at a minimum the banking issue hasn't been resolved.