Where does Sundial Growers Inc. (SNDL) stock stand at the moment?

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MRAI Stock
MRAI Stock

Sundial Growers Inc. (NASDAQ: SNDL) shares were up slightly 3.39% to $0.71 on the previous close. The common shares of Sundial are traded under the Nasdaq symbol “SNDL.”

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On January 11, 2021, Sundial Growers Inc. (Nasdaq: SNDL) has launched high-quality cannabis derivative products under the Top Leaf brand in response to rising consumer demands for solventless cannabis extracts. 

In response to rising consumer demands for solventless cannabis extracts, Sundial Growers Inc. (Nasdaq: SNDL) has launched its Top Leaf brand of high-quality cannabis derivative products. Inline with Sundial’s commitment to premium inhalables, this launch follows an array of retail products, including flowers, pre-rolls, and vape cartridges.

Under its Top Leaf brand, Sundial launched pressed hash and live rosin, among other products launched in its upcoming quarters.

On January 06, 2021, Sundial Growers Inc.’s subsidiary particular purpose vehicle (Nasdaq: SNDL), which holds $51.9 million in the aggregate capital sum of senior secured debt, including payments below, received a principal amount of $7.0 million from Zenabiss Investments Ltd., a subsidiary of Zenabis Global, in compliance with the terms and conditions of December 31, 2020. Despite the settlement, Zenabis was given a notice of default in respect of such defaults under the senior loan terms. Zenabis deny such defaults.

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Summary

Sundial is a licensed provider of quality cannabis grown in state-of-the-art facilities. The company’s “craft-at-scale” method, award-winning genetics, and master cultivators set us apart. Its stock is currently trading at 53.14% from a 50-days simple Moving Average, and its weekly performance was recorded at 4.60%. Investors seem eager to drive the stock price up to and down on basic company news or no news at all lately, which has led to wild share-price swings.

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