With 69.2 Million Daily Shares Traded, Do Not Buy Sundial Growers [Forbes]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: Forbes
MEDELLIN, COLOMBIA - DECEMBER 12: A woman blows smoke at a marijuana plant during a march to... [+]legalize marijuana on December 12, 2020 in Medellin, Colombia. (Photo by Fredy Builes/Getty Images)One of the 10 most heavily traded securities has a chance to avoid being delisted. When I think of the other securities in the top 10, a little ditty from Sesame Street —One of These Things Is Not Like The OthersHow so? At 69.2 million, shares of Calgary-based pot purveyor, Sundial Growers, was the seventh most highly traded security — with higher average daily trading volume than American AirlinesAALBACWall Street JournalI have no idea why this stock is so heavily traded and see three reasons not to view its low price as a buying opportunity.What Is Sundial Growers?Sundial Growers produces and distributes marijuana “flowers, pre-rolls and vapes.” Sundial went public on August 6, 2019 — selling 11 million shares on NASDAQ for $13 a share, according to apress releaseSundial CEO, Torsten Kuen
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SNDL
News
- Why Marijuana and CBD Stocks Were Buzzing Today [Yahoo! Finance]Yahoo! Finance
- SNDL: Cannabis Rally Loses Steam Amidst Long-Term Uncertainty [Seeking Alpha]Seeking Alpha
- Why Marijuana Stocks Are Hopping Again on Tuesday [Yahoo! Finance]Yahoo! Finance
- Nova Announces Fourth Quarter and Year End 2023 Results [Yahoo! Finance]Yahoo! Finance
- SNDL Inc. (NASDAQ:SNDL) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SNDL
Sec Filings
- 3/21/24 - Form 6-K
- 3/21/24 - Form 20-F/A
- 3/21/24 - Form 40-F
- SNDL's page on the SEC website