Did Sundial Growers Just Dodge a Bullet?
Sundial Growers (NASDAQ: SNDL) has taken its shareholders on a wild ride over the past few weeks. After reaching highs of nearly $4 per share, the stock has sharply crashed back down to around $1.44 as of Feb. 25. In recent months, Sundial has been the target of retail investors and speculators who have been hoping that a deal involving the pot stock was imminent after the company said it was exploring "strategic alternatives."
But a major merger or acquisition hasn't taken place just yet. And while investors may be disappointed that Sundial missed out on the opportunity to acquire Zenabis Global, they should actually be breathing a sigh of relief.
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Source Fool.com
