Why Sundial Growers Stock Wilted Monday

Motley Fool2021-03-23

Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock. What happened Shares of Sundial Growers (NASDAQ:SNDL) had tumbled 12.8% on Monday after the Calgary-based cannabis ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

YWC
2021-03-24
YWC
BAd
EunJung
2021-03-23
EunJung
so its gd or bad? Conclusion?
spin37gy
2021-03-23
spin37gy
Buy Now! Now is the time!
- Robinchua:
  bo comment
求老师指点
2021-03-23
求老师指点
Anyone can see good growth?
ShangKun
2021-03-23
ShangKun
Cannabis is the way to go, HODL for Georgia cannabis legalization support by Biden
- ShangKun:
  Comment pls
- KLSReplyPepeflabs:
  buyyyy
- Pepeflabs:
  pls comment back to me too
ChickenRice
2021-03-23
ChickenRice
It’s good to buy the dip now for the long term!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1198600548?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-23 17:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1198600548","market":"us","top_or_hot":-1,"title":"Why Sundial Growers Stock Wilted Monday","media":"Motley Fool","content":"<div>\n<p>Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.\nWhat happened\nShares of Sundial Growers (NASDAQ:SNDL) had tumbled 12.8% on Monday after the Calgary-based cannabis ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/22/why-sundial-growers-stock-wilted-today/\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Sundial Growers Stock Wilted Monday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Sundial Growers Stock Wilted Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/22/why-sundial-growers-stock-wilted-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.\nWhat happened\nShares of Sundial Growers (NASDAQ:SNDL) had tumbled 12.8% on Monday after the Calgary-based cannabis ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/22/why-sundial-growers-stock-wilted-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SNDL","symbol_name":"SNDL Inc.","start_time":0,"source_url":"https://www.fool.com/investing/2021/03/22/why-sundial-growers-stock-wilted-today/","article_id":"1198600548","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1198600548","pubTimestamp":1616491839,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.\nWhat happened\nShare","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SNDL":"SNDL Inc."},"translate_title":"为什么日晷种植者的股票周一枯萎","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNDL":0.9},"content_text":"Sundial is worth just $2.2 billion, but wants to sell $800 million in new stock.\nWhat happened\nShares of Sundial Growers (NASDAQ:SNDL) had tumbled 12.8% on Monday after the Calgary-based cannabis company filed a share sale prospectus with the SEC this morning.\nSo what\nIn the prospectus, Sundial described plans to conduct an \"equity distribution\" whereby it would create up to $800 million worth of new common stock and sell it \"from time to time through ... our sales agents.\"\nSundial described how its shares have \"experienced extreme volatility,\" ranging in price from as low as $0.14 per share to as high as $2.95 per share over the past year, despite there being \"no recent change in our financial condition or results of operations.\"\nIMAGE SOURCE: GETTY IMAGES.\nNow what\nWhy Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much). Second, it might imply an intention by management to take advantage of these price zooms by refraining from selling shares when its share price seems too low -- but pouncing on price spikes to sell shares when they are more popular.\nThat would explain the \"from time to time\" language.\nIt would also, I suspect, be the best thing for shareholders, helping Sundial to raise the greatest amount of cash while inflicting the least amount of stock dilution upon its shareholders.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":353751783,"gmtCreate":1616541058042,"gmtModify":1704795347210,"author":{"id":"3576206774226035","authorId":"3576206774226035","name":"YWC","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3576206774226035","idStr":"3576206774226035"},"htmlText":"BAd","listText":"BAd","text":"BAd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353751783","repostId":1198600548,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":353562181,"gmtCreate":1616508284043,"gmtModify":1704795060508,"author":{"id":"3577278557750697","authorId":"3577278557750697","name":"EunJung","avatar":"https://static.itradeup.com/news/3b410492ccfd257dbe126fb4de9dae77","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":8,"crmLevelSwitch":0,"authorIdStr":"3577278557750697","idStr":"3577278557750697"},"htmlText":"so its gd or bad? Conclusion?","listText":"so its gd or bad? Conclusion?","text":"so its gd or bad? Conclusion?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353562181","repostId":1198600548,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":353298515,"gmtCreate":1616498515537,"gmtModify":1704794870082,"author":{"id":"3574212983712096","authorId":"3574212983712096","name":"spin37gy","avatar":"https://static.tigerbbs.com/97dfcecfb7a4ab4bcb3c2ae6bb551e51","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574212983712096","idStr":"3574212983712096"},"htmlText":"Buy Now! Now is the time!&nbsp;","listText":"Buy Now! Now is the time!&nbsp;","text":"Buy Now! Now is the time!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/353298515","repostId":1198600548,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3901711,"gmtCreate":1616864722272,"gmtModify":1680781997282,"authorId":3568625620464142,"author":{"id":3568625620464142,"idStr":"3568625620464142","authorId":3568625620464142,"name":"Robinchua","avatar":"https://static.tigerbbs.com/76622ffa2e20a9f458afe1c6abd914e3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353298515,"type":1,"supId":0,"prevId":0,"content":"bo comment","text":"bo comment","html":"bo comment"}],"langContent":"EN"},{"id":353205048,"gmtCreate":1616497686084,"gmtModify":1704794858381,"author":{"id":"3574409130628325","authorId":"3574409130628325","name":"求老师指点","avatar":"https://static.tigerbbs.com/9f37c6fe3f11098991d08587e5b22a23","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574409130628325","idStr":"3574409130628325"},"htmlText":"Anyone can&nbsp;see good growth?","listText":"Anyone can&nbsp;see good growth?","text":"Anyone can see good growth?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353205048","repostId":1198600548,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":353678631,"gmtCreate":1616496206023,"gmtModify":1704794842739,"author":{"id":"3577348785538343","authorId":"3577348785538343","name":"ShangKun","avatar":"https://static.tigerbbs.com/6c6b5f7872d88c90f3ec689ab82b8266","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3577348785538343","idStr":"3577348785538343"},"htmlText":"Cannabis is the way to go, HODL for Georgia cannabis legalization support by Biden","listText":"Cannabis is the way to go, HODL for Georgia cannabis legalization support by Biden","text":"Cannabis is the way to go, HODL for Georgia cannabis legalization support by Biden","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/353678631","repostId":1198600548,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3862289,"gmtCreate":1616496300618,"gmtModify":1680781408096,"authorId":3577348785538343,"author":{"id":3577348785538343,"idStr":"3577348785538343","authorId":3577348785538343,"name":"ShangKun","avatar":"https://static.tigerbbs.com/6c6b5f7872d88c90f3ec689ab82b8266","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353678631,"type":1,"supId":0,"prevId":0,"content":"Comment pls","text":"Comment pls","html":"Comment pls"},{"id":3862441,"gmtCreate":1616497662532,"gmtModify":1680781404974,"authorId":3551655093075927,"author":{"id":3551655093075927,"idStr":"3551655093075927","authorId":3551655093075927,"name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":3573162818118967,"repliedAuthor":{"id":3573162818118967,"idStr":"3573162818118967","authorId":3573162818118967,"name":"Pepeflabs","avatar":"https://static.tigerbbs.com/bb2ce4a85b6af8ab6f45834a991797c6","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"objectId":353678631,"type":1,"supId":3862289,"prevId":3862405,"content":"<u>buyyyy</u>","text":"<u>buyyyy</u>","html":"<u>buyyyy</u>"},{"id":3862405,"gmtCreate":1616497368502,"gmtModify":1680781403737,"authorId":3573162818118967,"author":{"id":3573162818118967,"idStr":"3573162818118967","authorId":3573162818118967,"name":"Pepeflabs","avatar":"https://static.tigerbbs.com/bb2ce4a85b6af8ab6f45834a991797c6","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":353678631,"type":1,"supId":3862289,"prevId":0,"content":"pls comment back to me too","text":"pls comment back to me too","html":"pls comment back to me too"}],"langContent":"EN"},{"id":353670612,"gmtCreate":1616495682436,"gmtModify":1704794835298,"author":{"id":"3575104063835966","authorId":"3575104063835966","name":"ChickenRice","avatar":"https://static.tigerbbs.com/19ed11789cfde175d98ed256116047dd","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575104063835966","idStr":"3575104063835966"},"htmlText":"It’s good to buy the dip now for the long term!&nbsp;","listText":"It’s good to buy the dip now for the long term!&nbsp;","text":"It’s good to buy the dip now for the long term!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353670612","repostId":1198600548,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":31,"commentSize":17,"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":"4.29.4","shortVersion":"4.29.4","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/1198600548"}