Why Sundial Growers Stock Surged Wednesday

Motley Fool2021-06-24

The popular cannabis stock has a legion of fans on Reddit. What happened Shares of Sundial Growers (NASDAQ:SNDL) jumped 12% on Wednesday, fueled by positive mentions of the pot stock on Reddit and ...

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Comments

道友名
2021-07-01
道友名
最糟糕的管理層
EdwardLe
2021-06-24
EdwardLe
Fool stfu, u don’t have a reputation, stop making baseless attacks on sndl but thanks to u I m buy dips and sell high before u make any posts.
Orangejus
2021-06-24
Orangejus
Look for the potential monopoly players as the market consolidates!
KS_Lee
2021-06-24
KS_Lee
Most likely linked to being a meme stock for price surge
Georgeselva
2021-06-24
Georgeselva
Good
spj
2021-06-24
spj
Easily 7to8 $ by December.. Holding

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The global cannabis market will grow to more than $90 billion by 2026, up from $20.5 billion in 2020, according to research firm MarketsandMarkets. Fortunes will be made in this rapidly expanding industry, and investors are eager to place their bets on who they believe will be the winners.\nIn recent weeks, traders have gravitated toward the cannabis companies viewed as likely consolidators. With many weed producers struggling to turn a profit, a wave of mergers and acquisitions has swept over the industry. Sundial's popularity on Reddit and other stock-focused trading forums has helped to support its stock price, which has allowed the company to raise hundreds of millions of dollars via share offerings. It's now intent on using that cash to invest in and acquire other cannabis businesses.\nNow what\nSundial's cash hoard could position it to scoop up bargains, particularly if its smaller rivals continue to struggle to generate profits. However, investors should note that Sundial has also produced net losses in recent quarters, and the dilution caused by its stock sales will make it even more difficult for the company to deliver meaningful per-share profits from its existing cannabis operations. 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Holding&nbsp;","listText":"Easily 7to8 $ by December.. Holding&nbsp;","text":"Easily 7to8 $ by December.. Holding","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128511911","repostId":1198588492,"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; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1198588492"}