Previous Close | 0.1400 |
Open | 0.2300 |
Bid | 0.2300 |
Ask | 0.3000 |
Strike | 0.50 |
Expire Date | 2022-08-05 |
Day's Range | 0.2300 - 0.2400 |
Contract Range | N/A |
Volume | |
Open Interest | 131 |
Sundial Growers (NASDAQ: SNDL) is pretty controversial for a cannabis stock. Between its meme-driven heyday in 2021 and its subsequent (and unexpected) pivot into marijuana investment banking, the one thing it can't seem to do is make a profit by selling cannabis. In that vein, here are three things that smart investors understand about the stock and what might make it worth a contrarian purchase.
With shares trading at more than $2 late last month, investors of SNDL (NASDAQ: SNDL), formerly known as Sundial Growers, may have gotten excited that there was some great news that finally lifted the stock up in value. It was a move the company needed to get its share price back over $1 and thus remain listed on the Nasdaq. Shares of SNDL have been falling again since the reverse split, and it's now down more than 70% over the past 12 months (by comparison, the Horizons Marijuana Life Sciences ETF has declined over 60%).
SNDL Inc. (formerly known as Sundial Growers Inc.) (Nasdaq: SNDL) ("SNDL" or the "Company") announced today that it will release its second quarter financial results ended June 30, 2022, after market close on Friday, August 12, 2022.