Sundial Growers' stock was trading at $0.91 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, SNDL stock has decreased by 35.6% and is now trading at $0.5860. View which stocks have been most impacted by COVID-19.
Full Answer
Does sundial stock need a reverse stock split?
May 03, 2022 · What happened. Shares of Sundial Growers ( SNDL -2.22%) fell 32.9% April, according to data from S&P Global Market Intelligence. The Canadian cannabis company closed March 31 at $0.70, then ...
What went wrong at Sundial technologies?
Feb 08, 2022 · In November 2021, Sundial had already announced a plan to buy back about 100 million CAD ($79.6 million) worth of its common stock.
When will sundial growers (SNDL) report long-awaited Q4 earnings?
Aug 13, 2021 · What happened. Highly watched Canadian cannabis company Sundial Growers ( SNDL -1.82% ) reported earnings after the bell last night. Investors hoping for any big positive development were ...
Is sundial a “meme” stock?
Apr 28, 2022 · What Happened With SNDL Stock Sundial Growers reported that its revenue for the fourth and final quarter of 2021 amounted to 22.7 million CAD , an increase of 63% over the fourth quarter of 2020.
Is Sundial stock expected to rise?
The 4 analysts offering 12-month price forecasts for Sundial Growers Inc have a median target of 0.65, with a high estimate of 0.80 and a low estimate of 0.50. The median estimate represents a +57.97% increase from the last price of 0.41.
Should I hold my sundial stock?
Is Sundial stock shorted?
Is Sundial growers a pump and dump stock?
It's fair enough to blame Sundial's rise and fall on Redditors and a pump-and-dump scheme.May 25, 2021
Is SNDL getting delisted?
The Nasdaq gave Sundial this notice last August.Feb 9, 2022
Will Sundial Growers go back up?
...
Sundial Growers analysis: rough start to 2021, encouraging developments later.
| Long position overnight fee | -0.0225% |
|---|---|
| Spread | 8.43 |
Is Sundial going to short squeeze?
How many shares of SNDL are short?
| Avg Vol (3 month) 3 | 100.43M |
|---|---|
| Float 8 | 2.38B |
| % Held by Insiders 1 | 0.52% |
| % Held by Institutions 1 | 5.64% |
| Shares Short (Apr 14, 2022) 4 | 192.1M |
Who owns SNDL stock?
| Stockholder | Stake | Shares owned |
|---|---|---|
| ETF Managers Group LLC | 1.43% | 29,511,037 |
| Susquehanna Financial Group LLLP | 1.08% | 22,139,812 |
| Global X Management Co. LLC | 0.78% | 16,050,417 |
| D. E. Shaw & Co. LP | 0.40% | 8,139,103 |
Why is sundial Growers stock rising?
Is it good to invest in Sundial growers?
What made SNDL stock go up?
The stock and other cannabis stocks are high right now (pun intended) as hopes grow of US decriminalization. Sundial had the added impetus from a strong earnings report and a share buyback program. This set a fire under the stock and saw it surge on Friday.Nov 15, 2021
Sundial: Mission Impossible?
The quest to keep Sundial Growers from delisting has felt like "mission impossible." Due to compliance requirements, SNDL shares must hold above $1 for 10 consecutive trading days to avoid delisting.
Light at the End of the Tunnel?
There's still a thread of hope that Sundial's stock will avoid the delisting scenario. According to Nasdaq, even if a company does not regain the required price, a possible 180-day compliance period may still be available.
The Worst-Case Scenario for SNDL
Although the risk of delisting still remains, it's very likely that this won't happen, given the alternatives that still remain for Sundial to keep in compliance with Nasdaq.
There remains uncertainty whether the company can use the money it has raised to grow its business
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
What happened
Highly watched Canadian cannabis company Sundial Growers ( NASDAQ:SNDL) reported earnings after the bell last night. Investors hoping for any big positive development were unimpressed, and after dropping 10% early on Friday, Sundial shares are still down more than 7% as of 12:50 p.m. EDT today.
So what
Sundial spent much of last year restructuring by raising capital and reorganizing into a two-pillar business heavily reliant on acquisitions. In doing so, the company diluted existing shareholders by increasing its share count by more than 1 billion shares, or almost 1,500%, from a year ago.
Now what
Net loss for the second quarter was the equivalent of about $41 million. CEO Zach George issued a statement saying: "Our second quarter performance continued to be impacted by the liquidation of discounted inventory and our refusal to push sub-optimal product into the market.
What happened
Shareholders of Canadian cannabis company Sundial Growers (NASDAQ: SNDL) have had plenty to worry about lately. The stock is at risk of being delisted from the Nasdaq, as the share price hovers near $0.60.
So what
Earlier this month, Sundial was granted a 180-day extension by the Nasdaq to comply with its minimum price requirement. Sundial will need its bid price to close at or above $1.00 per share for at least 10 consecutive trading days before Aug. 8 to ensure compliance.
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The pot company pulls the trigger on an all-stock merger agreement
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What happened
Shares of the Canadian cannabis company Sundial Growers ( NASDAQ:SNDL) are having a strong finish to the week. They're up by a healthy 11.1% as of 10:42 a.m. EDT on Friday.
So what
This is an intriguing deal for Sundial and its shareholders. The company has been recapitalizing of late and seemingly looking for new avenues of growth. Through this all-stock acquisition of Alcanna, Sundial will also gain access to the company's majority-owned subsidiary Nova Cannabis. Alcanna owns a 63% equity stake in the pot company.
Now what
Is Sundial's stock a buy on this news? This deal could be a game changer for the cannabis company. The long and short of it is that the Canadian cannabis space is simply too crowded and there's too much competition. A deal like this one ought to help Sundial float along until the day cannabis finally becomes legal in the far larger U.S. market.
What happened
Shares of Sundial Growers ( SNDL 1.53% ) had tumbled 12.8% as of 12:45 p.m. EDT Monday after the Calgary-based cannabis company filed a share sale prospectus with the SEC this morning.
So what
In the prospectus, Sundial described plans to conduct an "equity distribution" whereby it would create up to $800 million worth of new common stock and sell it "from time to time through ... our sales agents."
Now what
Why Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much).
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