Why Sundial Growers Stock Jumped Today [The Motley Fool]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: The Motley Fool
Why Sundial Growers Stock Jumped Today A new product launch by this small Canadian cannabis producer appeared to catch investors' attention. Shares of Sundial Growers ( NASDAQ:SNDL ) were up 5.8% as of 3:19 p.m. EDT on Thursday after rising as much as 11.8% earlier in the day. The only new development for the Alberta-based cannabis producer was that it announced the launch of a new recreational cannabis brand on Thursday morning. Did the launch of a new cannabis product really warrant a significant move for Sundial's shares? Not really. For now, the company's new Palmetto brand will be available only in the provinces of Saskatchewan and Manitoba. These aren't very big markets. Sundial said that it plans to introduce the new product in other provinces later this year, along with vape pens that could be used with its new recreational brand. While the new product launch was the biggest news of the day for Sundial, another reason for the stock's nice jump could be an announcement from e
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SNDL
News
- SNDL (SNDL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Huge News for SNDL Investors [Yahoo! Finance]Yahoo! Finance
- SNDL Reports First Quarter 2024 Financial and Operational Results [Yahoo! Finance]Yahoo! Finance
- SNDL Reports First Quarter 2024 Financial and Operational ResultsPR Newswire
- SNDL and Nova Cannabis Complete the Assignment of Dutch Love Stores to Nova Cannabis [Yahoo! Finance]Yahoo! Finance
SNDL
Sec Filings
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- SNDL's page on the SEC website