In a recently released analyst research report, Barclays’ Managing Director of Equity Research, Lauren Lieberman, initiated coverage on shares of Sundial Growers Inc. (NASDAQ:SNDL) with an Overweight rating and a price target that suggests some noteworthy upside to come.
Recently, Sundial Growers completed its first shipment of cannabis to Nova Scotia’s alcohol and cannabis retailer. Nova Scotia has done a tremendous job within the first year of legalization resulting in strong consumer demand for high quality cannabis products,” said Andrew Stordeur, President of Sundial’s Canadian operations.
According to TheFly, “Barclays analyst Lauren Lieberman initiated Sundial Growers…citing her view that the company can set itself apart from peers given a focus on profitable growth. Sundial is already nearly profitable in its Canadian home market, noted Lieberman, who thinks its acquisition of Bridge Farm should enable the company to ultimately become a low-cost mass-scale producer of CBD products.”
Be sure to subscribe to updates here so you never miss an important development.
Get Real-Time Updates from MJobserver.com