Sundial (SNDL) is a company with a dual approach; on the one hand, it focuses on cannabis growing but the other half of its remit is dedicated to using its ample capital for investment purposes. While the company has been struggling in its endeavors of the former, it is proving more adept at the latter. Sundial’s latest move positions it to be Canada’s largest cannabis retailer after the company announced that it is acquiring Alcanna in an all-stock deal worth ~C$346 million. The transaction is expected to be completed in December 2021 or FY22’s first quarter.
https://www.tipranks.com/news/article/sundial-alcanna-acquisition-a-step-in-the-right-direction?utm_source=advfn.com&utm_medium=referral
Sundial Growers (NASDAQ:SNDL)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Sundial Growers Charts.
Sundial Growers (NASDAQ:SNDL)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Sundial Growers Charts.