3 Reasons I Loved Sundial Growers' Q1 Earnings
Sundial Growers (NASDAQ: SNDL) is a risky pot stock to invest in. The company is transitioning its business from wholesale to branded sales, revenue is falling, losses are deep, and the company just hasn't given investors much of a reason to be bullish on its operations. Since hitting highs of nearly $4 a share earlier this year (largely due to speculative retail investors), Sundial's stock has come crashing down to reality and now trades at around $0.70.
But investors shouldn't lose hope just yet. Although the company's latest quarterly results showed lackluster sales numbers that still pose many questions, there are three positives to take away from the earnings report.
Image source: Getty Images
Source Fool.com
