Why Sundial Growers Stock Is Crashing Today [The Motley Fool]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: The Motley Fool
Why Sundial Growers Stock Is Crashing Today The sudden departures of two top executives rattled investors. Shares of Sundial Growers ( NASDAQ:SNDL ) were crashing 28.3% as of 11:31 a.m. EST on Thursday after the Canadian cannabis producer announced the unexpected departure of CEO Torsten Kuenzlen. Sundial stated in a press release that Kuenzlen had resigned as CEO and as a director of the company "effective immediately, to pursue other interests." The company also said that COO Brian Harriman will be leaving. Sudden changes at the top nearly always rattle investors. This kind of game of musical chairs often has an underlying reason that can be an even bigger cause for concern. Sundial didn't provide any additional details about the resignation of Kuenzlen or the departure of Harriman. Investors can only speculate what caused the unexpected changes. The company has already named replacements for both men. Zach George, currently on Sundial's board, will step into the CEO role and remai
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News
- SNDL to Announce First Quarter 2024 Financial Results on May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- SNDL to Announce First Quarter 2024 Financial Results on May 9, 2024PR Newswire
- SNDL Inc. (SNDL) Now Trades Above Golden Cross: Time to Buy? [Yahoo! Finance]Yahoo! Finance
- SNDL to Participate in Upcoming International Cannabis Conferences [Yahoo! Finance]Yahoo! Finance
- SNDL to Participate in Upcoming International Cannabis ConferencesPR Newswire
SNDL
Sec Filings
- 4/15/24 - Form S-8
- 4/9/24 - Form 6-K
- 4/2/24 - Form 6-K
- SNDL's page on the SEC website