Why Sundial Growers Stock Dropped Monday

Motley Fool2021-02-23

The pot grower is planning to raise more capital. What happened Shares of Canadian marijuana company Sundial Growers(NASDAQ:SNDL) were down more than 7% at Monday's lows, and were 3.6% below Friday's ...

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Comments

jianming
2021-02-25
jianming
Nope
- jianming:
  yes
yang6533
2021-02-25
yang6533
Ok
TagerKH
2021-02-24
TagerKH
持續不斷的稀釋性發行，股價什麼時候能漲上去？
- yang6533:
  Ok
LukeDMK
2021-02-23
LukeDMK
sad
yk95
2021-02-23
yk95
Nice
Bluefish
2021-02-23
Bluefish
Pump and dump

Leave a comment

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The newly issued warrants could bring it another $147.5 million.\nNow what\nThe proceeds from the exercised warrants mark the third capital raise this month for Sundial. Shares are currently up more than 20% in February, but are still down 50% from the month's highs on Feb. 10.\nThe company's net cannabis revenue dropped 36% sequentially in the third quarter, which ended Sept. 30. Its adjusted EBITDA loss increased by 13% in that same period.\nSome of the raised money is going toward a strategic investment Sundial announced last week. It took an 18.5% stake in Canadian edibles producer Indiva with 22 million in Canadian dollars. Using freshly raised capital to invest in the business could be good for shareholders, but the continued flurry of dilutive offerings could also be worrisome for the still-unprofitable 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and dump&nbsp;","listText":"Pump and dump&nbsp;","text":"Pump and dump","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369548049","repostId":1156451527,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":43,"commentSize":21,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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