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Showing posts from December, 2021

Sundial Growers Has More Than One Way Back to Higher Prices

  InvestorPlace - Stock Market News, Stock Advice & Trading Tips Given its big drop in recent months, I can see why many investors are passing up on  Sundial Growers  (NASDAQ: SNDL ) stock. Back down well below $1 per share, sentiment has whipsawed from bearish to bullish to bearish for this Canada-based cannabis play. Source: Postmodern Studio / Shutterstock.com During the early months of 2021, this low-priced stock zoomed more than seven-fold, to as much as $3.96 per share. It's not for certain, but some may chalk this up to en masse buying by  Reddit  traders. It should be noted, too, that at the time, there was increased buzz surrounding marijuana stocks. This was due to speculation that the U.S. federal government was moving towards reforming the current laws on the books. Whatever the reason for its surge, steadily throughout the year, Sundial has given back tremendous gains. The hype surrounding the pot sector has largely faded. The company's decision to raise capita

Sundial Growers-Sponsored Joint Venture With SunStream Bancorp's Sunstream IVXX Investment Corp. Reports Submission Of Draft Statement On Confidential Basis For Proposed IPO

  Sunstream IVXX Investment Corp. ("Sunstream IVXX"), an affiliate of SunStream Bancorp Inc., a joint venture sponsored by Sundial Growers Inc. (NASDAQ:SNDL), today announced that it has submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the "SEC") for a proposed initial public offering of its common stock. Sunstream IVXX will be a specialty finance company that operates as a closed-end, non-diversified management investment company that anticipates electing to be regulated as a business development company under the Investment Company Act of 1940. The number of shares of common stock to be sold and the price range for the proposed offering have not yet been determined. The purpose of the offering is to use the net proceeds therefrom to invest primarily in the debt of U.S. cannabis companies across the cannabis industry. Sunstream IVXX intends to commence the public offering following completion of the SE