Sundial (SNDL) has been a firm favorite amongst Robinhood investors this year, and at one point earlier in 2021, the stock showed year-to-date gains of over 700%. The stock has since retreated to a more realistic price, a factor - along with an improved balance sheet - taken into account today by Canaccord analyst Shaan Mir. “We believe SNDL’s cash balance presents an opportunity to deploy capital into accretive investment opportunities and generate returns past our implied ~US$1.4B valuation,” Mir said. “Given a recent pull-back in the share price, we believe Sundial is currently trading near our implied valuation.