What the … It already tried to acquire a smaller cannabis company by buying its debt, only for a refinancing to thwart that strategy. It sold its U.K. business. ... Sundial Growers Inc. (NASDAQ:SNDL) closed a share offering valued at roughly $74.5 million this week. quotes delayed at least 15 minutes, all others at least 20 minutes. Disclaimer | On the US side, the fundamental catalyst has been … Powerups 4575. amitkanabar. share. The WallStreetBets crowd could clearly push the stock higher in the next few days or weeks, but Sundial has no business prospects supporting the stock above $1. Sundial's share price has doubled in recent days after it drew attention from traders on the WallStreetBets group on Reddit, which now has nearly 8 million members. After the Reddit rally, SNDL stock no longer seems to pricing in that fact. Thinking About Buying Stock In Entera, GE, Phunware, Sundial Growers Or Plug Power. Sundial Growers Inc. (NASDAQ:SNDL) closed a share offering valued at roughly $74.5 million this week. Sundial Growers Inc is benefiting from three upbeat factors. On the surface, the case for Sundial Growers (NASDAQ:SNDL) stock isn’t outlandish. Click here to see what Matt has up his sleeve now. Put another way, the same number of shares now reflect an ownership stake that is less than one-fourteenth what it was fourteen months ago. Now the balance sheet is in pristine shape. It seemed that the WallStreetBets retail crowd short squeeze triggered Cannabis Stocks have been on a tear. Sundial Growers Inc View all WallStreetBets trending stocks Premarket Buzz 1 Comments today 12am to 9:30am EST Comment Volume (7 days) 718 Total Comments on WallstreetBets View All Time 169 Total Comments on 4chan's biz View All Time Options Positions (7 days) Puts and Calls mentioned on WallStreetBets over the last 7 days 2 Mentioned Calls 0 Mentioned Puts (Click and drag to zoom) View … So bankruptcy is off the table for some time to come. Source: Jetacom Autofocus / Shutterstock.com The somewhat niche cannabis producer saw its stock get caught up in the Reddit-driven frenzy of late January. report. 11. callme_sweetdick. Copyright © The WallStreetBets crowd has rushed into the Canadian cannabis sector sending stocks, such as Sundial Growers , soaring. SNDL stock has pulled back since, but much of the gains remain. These days, Sundial is among a list of so-called “meme stocks” in the crosshairs of Reddit investor group r/WallStreetBets investors, as compiled by Swaggy Stocks. Comments are locked. After more stock sales earlier this year, as of last month, Sundial had cash of 610 million CAD. Some 14 million Series B Units were sold at a price of $1 each, minus $0.0001. The Calgary, Canada-based company currently has some $610 million in cash, in … 29 72 1610 1619 1702 7 104 140 8. Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets. That plan includes a number of brands ranging from value (Grasslands) to premium (Top Leaf). CANNABIS CULTURE – Are they headed for a peak or a cliff? Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Between Election Day 2020 and the end of February, Sundial Growers ... Second, the recent surge in retail investor activities, led by the Reddit forum r/WallStreetBets, has also stoked SNDL stock. DD. Posted by 2 days ago. CANNABIS CULTURE – Are they led to get a summit or a cliff? What are your guys thoughts on sundial? Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, An unexpectedly sharp economic rebound could kickstart a massive shakeup that's almost certain to drag stocks lower », Krispy Kreme launches a collection of St. Patrick's Day-themed doughnuts », Sundial Growers Inc Registered Shs hosts conference call for investors, Benzinga's Bulls And Bears Of The Week: Apple, Lemonade, Sundial, Tesla And More, Sundial Growers Inc. (SNDL) Flat As Market Gains: What You Should Know, Pot stocks in spotlight as Governor Cuomo comments on legalization bill. It’s the price that’s the problem. 02-04. SNDL is up 200 percent this year alone and a staggering 900 percent since November 2020. Nasdaq Article printed from InvestorPlace Media, https://investorplace.com/moneywire/2021/03/after-wallstreetbets-hype-steer-clear-of-sundial-growers-sndl-stock/. All rights reserved. I think the industry has not just years, but decades of growth ahead. SNDL has lots of potential to grow. We’ll get fourth quarter earnings later this month, but through the first three quarters of 2020 Sundial generated 47 million CAD in net revenue. SNDL stock has pulled back since, but much of the gains remain. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). In the past, t he company’s total assets have been listed as high as $1 billion and the stock has been called a … User account menu. Indeed, Sundial now has the resources to aggressively attack its markets in a way that it couldn’t as recently as last year. 144. 16 Feb 21. 1125 N. Charles St, Baltimore, MD 21201. Follow. That rally still seems like too much, even for a company that admittedly offers some promise. In the past, t he company’s total assets have been listed as high as $1 billion and the stock has been called a “unicorn.” … Is this yet another short squeeze after the ones seen for stocks like GameStop (GME) and AMC Entertainment (AMC) in recent weeks? In the past, the company’s total assets have been listed as high as $1 billion and the stock has been called a “unicorn.”. Plus500. The stock went from trading for pennies to one with a market cap hitting $3.6 billion. Around 45% of the stock is being shorted, but it doesn’t have debt. Other investors might be thinking about buying the stock because of the attention Reddit users at r/WallStreetBets brought to Sundial Growers. Sundial Growers Inc. (NASDAQ: SNDL) closed a share offering valued at roughly $74.5 million this week. In the past, t he company’s total assets have been listed as high as $1 billion and the stock has been called a … Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets. Head-quartered at the Rocky Mountain foothills of Calgary Alberta, Canada — Sundial Cannabis Growers — was named to the subreddit r/WallStreetBets prestige record of “meme-stocks” by popular poster Swaggy Stocks. Sundial Growers Inc. (NASDAQ:SNDL) closed a share offering valued at roughly $74.5 million this week. Cannabis, News, Markets. Sundial Growers has a decent enough turnaround story. Posted by 3 months ago. All rights reserved. 10. Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets Sundial Growers Inc. (NASDAQ: SNDL) closed a share offering valued at roughly $74.5 million this week. To be sure, both the multiple and the losses reflect the fact that Canadian cannabis still is in the early stages of its growth. But there are concerns as well. 156k. ... came in part from enthusiasm on Reddit's WallStreetBets forum. ... A pretty decent sized pullback on them all expect Sundial Growers. Investors should … save. A warrant gives the stock holder the right to buy a company's stock at a specific price and at a specific date. Head-quartered in the Rocky Mountain foothills of Calgary Alberta, Canada — Sundial Cannabis Growers — has been named to the subreddit r/WallStreetBets prestige list of “meme-stocks” by popular redditor Swaggy Stocks. And so even though the SNDL stock price has fallen, the valuation applied to this company is massively higher. Head-quartered in the Rocky Mountain foothills of Calgary Alberta, Canada — Sundial Cannabis Growers — has been named to the subreddit r/WallStreetBets prestige list of “meme-stocks” by popular redditor Swaggy Stocks.

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