NASDAQ Approves SNDL US Assets
Posted: May 02, 2024
- NASDAQ approved SNDL's acquisition of U.S. Assets through Sunstream USA Partnership - White House may approve marijuana as Schedule III - SNDL trades below book value, no debt, and cash flow positive - SNDL trades at .66 of tangible book value compared to 1.83 for greenthumb - SNDL looks like a winner in terms of valuation - Suggestions for other marijuana companies include Cresco and Greenthumb
Summarized top reddit comments: - SNDL is seen as a good investment for weed stocks with potential for significant gains - Suggestions to stay away from short-term options and consider long-dated options instead - Debate over whether market weighting or buying individual companies is better for diversification in the cannabis industry - Comparisons of tangible book value between SNDL and Greenthumb - Concerns about high short interest in SNDL and potential risks involved in shorting stocks - Mixed opinions on the volatility of cannabis stocks and potential for gains - Questions raised about dilution and financial stability of SNDL - Some users express frustration with losses on SNDL calls and suggest other cannabis stocks are better investments
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