Sundial Growers Inc. NASDAQ: SNDL $1.42 up $0.11 (8.40%) ACB. Market Insider is a business news aggregator for traders and investors that proposes to you the latest financial markets news, top stories headlines and trading analysis on stock market, currencies (Forex), cryptocurrency, commodities futures, ETFs & funds, bonds & rates and much more. With this latest performance, SNDL shares gained by 8.40% in over the last four-week period, additionally sinking by -51.05% over the last 6 months – not to mention a drop of -78.71% in the past year of trading. Penny Stock Risks. There are strong beliefs floating around that the Biden administgration will ultimatley move toward the federal legalization of cannabis, which would open the floodgates for the industry as a whole. Sundial Growers Inc (NASDAQ: SNDL) is continuing for the top in the market this morning, following up on the recent gains that we’ve seen out of the stock. Sundial Growers Inc (NASDAQ: SNDL) is continuing for the top in the market this morning, following up on the recent gains that we’ve seen out of the stock. Has The Bull Market In Stocks Gone Too Far? Sundial Growers' merger In August, Sundial Growers started considering a number of strategic alternatives focused on maximizing shareholder value. UPDATE: Press release expected December 2nd, possible a…. Almost a year after the Covid-19 dip, could those who have been waiting for long-term capital gains be selling soon? That’s a huge announcement. In a press release by Sundial Growers ($SNDL), the company and board of directors had authorized advisors and management that strategic alternatives need to be considered. Calgary, Dec 18, 2020 (Issuewire.com) - Canada (Calgary, AB) According to a report submitted to us cited "sources familiar with the matter," Sundial Growers (NASDAQ:SNDL) and Canopy Growth Corporation (NASDAQ:CGC) are in "talks" to merge following the recent Tilray and Aphria Merger. Maybe they are raising this $100m to acquire Zenabis after feb 2 in a merger? On 12/2 SNDL (Sundial Growers) will be making a big announcement.. don’t want to mess out on this moon cricket ! Of course, when investors hear about a strategic alternative exploration, the first thing that tends to come to mind is the potential for an acquisition. The fact of the matter is that while investors are getting behind SNDL stock, the company is feeling some pain. As a result, rumors are flying, followed by the stock. Phoenix New Media (FENG) Stock Pops On Special Dividend, Galaxy Next Generation (GAXY) Stock: A Buy On Revenue Announcement. Post-Market 0.00 (0.00%) Zenabis’ announcement in a Wednesday morning news release also included a swipe at competing producer Sundial Growers, which made a “strategic investment” on Dec. 30 to buy the senior secured debt of Zenabis subsidiary Zenabis Investments. Zenabis called them out on this. Nonetheless, now is the time for it. The shares of Sundial Growers Inc (NASDAQ: SNDL) spiked 16.3% in the regular session on Wednesday. Sundial Growers Inc. ("Sundial") (NASDAQ: SNDL), a Canadian licensed producer of recreational cannabis and Indiva Limited ("Indiva") (TSXV: NDVA) (OTCQX: NDVAF), a … SNDL is probably the best of these opportunities available today. UPDATE: Press release expected December 2nd, possible a… Stocks level 2. Nonetheless, there’s good reason for the move. While Sundial Growers didn’t release any news this morning, there’s plenty to be excited about. Report Save. Healthcare Reimbursement Plan from work lets me pick how to invest, how would you do it? As a result, management at the company announced that they are exploring strategic alternatives. ... after rising as much as 126.4% earlier in the day. Moreover, considering the fact that SNDL is active in the vape space, the allure of an acquisition is even stronger. This is a real head scratcher for many considering the fact that analysts have been cutting estimates. If I wanted to gamble, yes gamble, and buy and hold a single genomic stock for the next 5 years, which would be the least stupid choice? Your email address will not be published. share. Under the terms of the merger agreement, ... SNDL) was really worth. The alternatives included a … This is a real head scratcher for many considering the fact that analysts have been cutting estimates. January 7, 2021 by Joshua Rodriguez. I take it as a clear indication of them getting ready to make a big move soon. After all, when a company gets to the point of exploring strategic alternatives, potential buyers know that they’re getting a decent discount and investors know that even with a decent discount, strong returns are likely on the horizon. Notify me of follow-up comments by email. Join our free mailing list below to receive real-time news alerts and gain access to Joshua’s investing portfolio! Your email address will not be published. Danone board ousts Faber as chairman after activist pressure: Le Figaro. SNDL 1.42 0.11 (8.40%). Dow futures rise as stocks point to strong open on Monday, Tilt Renewables agrees to $2.1 billion deal in biggest NZ M&A this year, my stock team for long run ( keep them forever). After an earlier drop of 10%, shares of Aurora Cannabis were down 5% as of 1:45 p.m. EST. Three weeks ago SNDL tried to take over another smaller weed company called Zenabis. While there has been no … The company needs to make it to that point. SNDL is a penny stock. "sources familiar with the matter," Sundial Growers (NASDAQ:SNDL) and Canopy Growth Corporation (NASDAQ:CGC) are in "talks" to merge following the recent Tilray and Aphria Merger. We do not create or publish our own content or copy full articles from other sites. SNDL stock is surging Monday, likely thanks to news that U.S. lawmakers are turning back to landmark cannabis legislation. The recent merger involving pot giants Tilray and Aphria is one of the largest deals that the industry has seen in a while. Taiwan Stock Market Due For Profit Taking, Potential Solutions For Cutting Downside Risk, Top Toshiba shareholder gets support from CalPERS, Norway fund for probe, Mild Upside Seen For Singapore Stock Market, Texas power retailer Griddy heading for bankruptcy: Wall Street Journal, BNP Exane Deal Takes Equities Dream An Inch Closer, ETF And Fund Investors Keep The Pedal To The Metal In 2021, But Selectively, Fortescue aims for carbon neutrality 10 years ahead of target. Sundial Growers Inc NASDAQ Updated Mar 12, 2021 12:59 AM. Sundial Growers Inc. [SNDL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -38.55. Prior to the SNPR merger announcement, Climate Change Crisis Real Impact I … For what it’s worth… I read this in the Q3 2020 earnings report. AlternativeFinanceNews.com updated one of its articles saying that a press release is expected December 2 with a possible announcement about a Sundial merger. SNDL – DONT SLEEP ON IT SNDL – DONT SLEEP ON IT .39 cents late Black Friday sale!!! Over the last six months, CIIC stock has moved higher by 119.6%. An announcement on such a deal could come as soon as this week, those sources said. On Thursday, shares of Sundial Growers (NASDAQ:SNDL) saw unusual options activity. ASX tech shares cowering in shadow of NASDAQ bear market warning – The Motley Fool Australia. All in all, SNDL stock is one to watch as an acquisition is highly likely. This site uses Akismet to reduce spam. Nonetheless, there may be much more room in this rumor. HEXO shares are down 9%, and Sundial Growers (NASDAQ:SNDL) 18% at the same time. 1. In The Know: Is Crypto A Speculative Play, Or Here To Stay? Aurora Cannabis NYSE: ACB $10.59 up $0.74 (7.51%) APHA. Market Insider works with public RSS feeds of best business news websites, personal blogs and provides automatically generated list of financial news links directly referring to its sources. Click here! sigh. Like many cannabis names, Sundial was struggling. Seritage: Stay Away As Turnaround Fantasy May Be Crushed By Deteriorating NOI, Estimating Future Stock Returns, December 2020 Update, The best weekday to buy the SPX Index is Friday just before close, Warburg Pincus acquires stake in Edelman Financial Engines. Downside As such, large companies in the sector are likely looking across the industry for accretive acquisition opportunities. Reply. It has paid down debt but with investor money. SNDL Stock: WILL YOU MISS THE NEW SUNDIAL STOCK RALLY? Here’s what’s going on: Attention Alpha Stock News Readers: You now have access to Joshua Rodriguez’s investing portfolio. Well, Sundial Growers announced earlier today that it is now free of debt. Has been in the top 5 volume for 2 weeks so it does have some attention already. Click here! Update On The MORE Act Another major reason why the stock price of SNDL and other related stocks jumped on Friday is due to an announcement that a bill to federally legalize marijuana will receive a full floor vote in the U.S. House … The macd looks promising and the echo of another merger will send SNDL up. $BFLY: The Butterfly IQ Pros and Cons, Product Comparisons! Tilray did the same thing 3 weeks ago with apria. This is the third major SPAC transaction in the EV charging industry this year. CALGARY, AB, Aug. 14, 2020 /PRNewswire/ - Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") announced today that it has priced a … Learn how your comment data is processed. On 12/2 SNDL (Sundial Growers) will be making a big announcement.. don’t want to mess out on this moon cricket ! Sundial Growers Inc (NASDAQ: SNDL) is headed for the top in the market this morning, and for good reason. The company announced that it has … I haven't found news on this in any other news source despite looking for a day.
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