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Is Sundial Growers Positioning Itself for a Buyout?

·4 min read
Is Sundial Growers Positioning Itself for a Buyout?
In this article:
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Consolidation in the highly competitive cannabis industry is inevitable. Cannabis producer Sundial Growers (NASDAQ: SNDL) has been busy with its own M&A this year, but investors shouldn't also rule out the potential for a larger company to acquire it. After announcing the closing of the second offering in February, it had an unrestricted cash balance of 610 million Canadian dollars -- more than 10 times the CA$60 million in cash it reported as of Nov. 9, 2020.