Sundial Growers (NASDAQ:
SNDL) is a testament to the strength of retail investors in the stock market today, who have largely bid up SNDL stock as a speculative cannabis play.
That bull thesis gained some credibility today with the company’s announcement of a $22 million deal with
Indiva Limited, a Canadian cannabis producer specializing in edibles. Indiva, which trades on the
Approximately half of the deal will be realized via a private placement of NDVA stock, while another $11 million will come via non-revolving loan facility. The deal is set to close on Feb. 23, 2021 pending the necessary approvals.
While SNDL has been a big beneficiary of retail investor interest in recent weeks, many market observers have felt there was little to support the price action, or to suggest that the company is well-positioned to capitalize on that price action.
TransEnterix Stock Has Potential, But Wait for a Pullback
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De 10 beste NASDAQ aandelen om te kopen
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Susan Walsh/AP
toggle caption Susan Walsh/AP
President Trump speaks in the press briefing room in November as Vice President Pence listens behind him. Susan Walsh/AP
Updated on Jan. 7 at 1:55 p.m. ET
After the violent takeover of the U.S. Capitol, calls have continued to grow from Democrats and Republicans in Congress, as well as former U.S. officials, for Vice President Pence to invoke the 25th Amendment to the Constitution and assume the powers of the presidency.
Wednesday s rioting was caused in large part by President Trump s rhetoric, experts say, and even after the Capitol was swarmed, Trump refused to condemn the mob, instead telling them in a video they were very special.