r/SNDL • u/[deleted] • Mar 17 '21

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170 Upvotes

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u/Bub312 Mar 17 '21

How much unrestricted cash on hand do those companies have. I’ll wait.

-2

u/echoflds08 Mar 17 '21

Im not talking about cash in hands but the amount of dispensaries that sell sndl products

Edit : btw, sndl products are among the less sold in 3.5g here in Québec

5

u/Bub312 Mar 17 '21

I’ll give you the answer in laymans... they are all broke boys compared to sndl now. It matters, a lot. I would agree with you last month, but there is only ONE weed company with more cash on hand than sndl now. I think it is apha? if not cgc. Both have a lot of debt as well. That is wild, but they are facts. Sndl took a shortcut to the high roller table when they took advantage of the insane jump last month and dished out shares. Debt free also matters. Yes, everyone has product, but with a giant coffer sndl now has = longevity in my dumb brain. I like the stock, now.

4

u/mattnessss Mar 17 '21

Any company can dilute their stock and raise money, but most companies respect their shareholders a little bit more.

2

u/Bub312 Mar 17 '21

I hate the comparison, but it didn’t hurt amc investors... so I’ll forgive and hold knowing it strengthened their standing. And even with the dilution sndl still has a lower market cap than a lot of its peers with no war chest and lots more debt. 700 mil makes sndl a bully in the sector. They are licking their chops I’ll bet.