Yes, it's possible right out of the box:
Just initialize the plugin like this:
// Initialize collapse button
$(".button-collapse").sideNav();
Demo in Stack Snippets
<!-- begin snippet: js hide: true -->
<!-- language: lang-js -->
$(".button-collapse").sideNav();
<!-- language: lang-html -->
<link rel="stylesheet" href="//cdnjs.cloudflare.com/ajax/libs/materialize/0.97.0/css/materialize.css">
<script src="//cdnjs.cloudflare.com/ajax/libs/jquery/2.1.4/jquery.js"></script>
<script src="//cdnjs.cloudflare.com/ajax/libs/materialize/0.97.0/js/materialize.js"></script>
<nav>
<ul class="right hide-on-med-and-down">
<li><a href="#!">First Sidebar Link</a></li>
<li><a href="#!">Second Sidebar Link</a></li>
</ul>
<ul id="slide-out" class="side-nav">
<li><a href="#!">First Sidebar Link</a></li>
<li><a href="#!">Second Sidebar Link</a></li>
</ul>
<a href="#" data-activates="slide-out" class="button-collapse"><i class="mdi-navigation-menu"></i></a>
</nav>
<!-- end snippet -->
For testing, just enable emulation in the chrome developer tools, reload the page, and swipe in from the edge.