Sundial Growers Inc.

Sundial Growers Inc. (NASDAQ: SNDL) is a Canadian producer of adult-use cannabis products. It operates under three segments, namely Cannabis Operations, Cannabis Retail, and Investments.

Key Highlights

• SNDL reported an 11.68% increase in net revenue to CAD 14.37 million in Q3FY21 (ended September 30, 2021) from CAD 12.67 million in Q3FY20.
• Its Q3FY21 net income was CAD 11.31 million vs. a net loss of CAD 71.40 million reported in Q3FY20, primarily due to lower inventory obsolescence recorded during the quarter.
• On November 11, 2021, SNDL's Board authorized a new share repurchase program to buy back up to CAD 100 million or a maximum of 102.8 million outstanding common shares (whichever is less) at market prices. The repurchase program will remain valid from November 19, 2021 to November 19, 2022.
• On October 07, 2021, it signed an agreement to acquire a 100% stake in Alcanna Inc., a publicly quoted Canadian liquor retailer, for an aggregate purchase consideration of ~CAD 346 million. The transaction is expected to close in Q4FY21.
• The stock is currently trading between its crucial short-term (50-day) and long-term (200-day) SMA support levels, and its RSI Index is at 53.21.
• It is trading close to the lower end of its 52-week range of USD 0.24 to USD 3.96.
• SNDL's stock price has surged 190.00% in the past twelve months.

Technical Price Chart (as of November 18, 2021). Analysis by Kalkine

Conclusion: Considering the strategic growth initiatives, low leverage (Debt/Equity ratio of 0.02 as of Q3FY21 end) and the technical indicators, we recommend a "Watch" rating on the stock at the current price of USD 0.75, down 5.30%, as of November 18, 2021, at 1:13 PM ET.

*The reference data in this report has been partly sourced from REFINITIV.

Star Jets International, Inc.

Star Jets International, Inc. (OTCPINK: JETR) operates as a private jet brokerage services provider. It offers its customers access to more than 5,000 private corporate jets within the US and 15,000 jets internationally as of November 16, 2021.

Key Highlights

• In Q3FY21 (ended September 30, 2021), the company recorded total revenue of USD 2.97 million, slightly less than USD 3.00 million in Q3FY20.
• It stated that it witnessed a steep growth in its clientele during the current quarter.
• It anticipates greater bookings during Q4FY21 and Q1FY22, owing to the increasing demand for private air travel.
• The company also stated that it plans to finalize its audited financial statements for FY19 and FY20 in the coming days and apply for listing on the OTCQB exchange.
• Stock is currently trading above its crucial short-term (50-day) and long-term (200-day) SMA support levels, and its RSI Index is at 52.37.
• It is currently at the mid-point of its 52-week range of USD 0.08 to USD 0.44.
• JETR's stock price fell 21.21% and 10.50% in the past six and nine months, respectively.

Technical Price Chart (as of November 18, 2021). Analysis by Kalkine

Conclusion: Considering the company's size, lack of comprehensive financials, and technical indicators, we recommend an "Avoid" rating on the stock at the current price of USD 0.26, down 1.52%, as of November 18, 2021, at 12:53 PM ET.

*The reference data in this report has been partly sourced from REFINITIV.  

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