Yes, you can send emails using the Send Grid integration. We have a tutorial of this that works with a password recovery scenario.
Send Grid API - https://docs.gamesparks.com/api-documentation/cloud-code-api/integrations/sendgrid.html
Password Recovery Example - https://docs.gamesparks.com/tutorials/social-authentication-and-player-profile/automating-user-password-change.html
Send Grid API - https://docs.gamesparks.com/api-documentation/cloud-code-api/integrations/sendgrid.html
Password Recovery Example - https://docs.gamesparks.com/tutorials/social-authentication-and-player-profile/automating-user-password-change.html