Latest Breaking News On - விவசாயிகள் இன்க் - Page 4 : comparemela.com
SNDL Stock News: Sundial Growers Inc suffers from debt issuance, edibles ventures a silver lining
fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Cannabis Stocks Continue to Catch Fire (SNDL, FUTL, VFF)
journaltranscript.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from journaltranscript.com Daily Mail and Mail on Sunday newspapers.
SNDL Stock and Forecast: Sundial Growers Inc falls on Friday, despite three reasons to riseNEWS |
2/12/2021 2:30:00 PM GMT | By Yohay Elam
NASDAQ: SNDL has surged by 78.79% on Wednesday as retail traders have seized on it.
Sundial Growers Inc is benefitting from the better political climate toward marijuana.
Thursday s premarket trading is pointing to an additional 40% gain, also thanks to the first American IPO.
Update: Friday, February 12: Sundial s price is dialing down – NASDAQ: SNDL has been extending its slide from the highs, with shares changing hands at around $1.89, a slip of over 20%. Shares of the Canadian weed company have been under pressure along with similar stocks. It seems that the Reddit crowd has moved on to other sectors, abandoning pot stocks. Nevertheless, there are other reasons for marijuana stocks to rise – political and other ones.
Sundial Growers (NASDAQ:SNDL) shares are trading lower Friday as the stock continues to sell off following its recent retail-driven surge.
Sundial Growers Inc is engaged in producing and marketing of cannabis for the adult-use market. Some of its products are Lemon Riot, Daydream, Zen Berry, Twilight, Tropical Bliss, Pillow Talk, Citrus Punch, and others. The company s primary focus is on producing and distributing inhalable products and brands (flower, pre-rolls, and vapes).
Sundial Growers stock was down 13.03% at $2.07. The stock has a 52-week high of $3.96 and a 52-week low of 14 cents.
Skeptics might say, “this is just a commodity market!”
But the reality that appears to be coming together is that it is a consumer packaged goods market with vertical supply chains bound by regulatory firewalls, allowing for protected value in a healthy competitive context. Wrap that story up in the narrative of politically favorable winds in terms of further legalization steps ahead, and the sky is apparently the limit.
That framework has captured the imagination of Wall Street Analysts and Retail investors alike.
With that in mind, we take a look at a few of the more interesting names in the cannabis patch, including: Cresco Labs Inc (OTCMKTS:CRLBF), MedX Holdings Inc (OTCMKTS:MEDH), and Sundial Growers Inc (NASDAQ:SNDL).
vimarsana © 2020. All Rights Reserved.