SNDL Inc

NASDAQ: SNDL
$1.83
-$0.15 (-7.6%)
Closing price April 17, 2024
SNDL Inc., based in Calgary, Canada, is a dynamic player in the cannabis industry, focusing on the cultivation, distribution, and sale of cannabis for both adult-use and medical purposes. Beyond its core cannabis operations, SNDL expands its market reach through the ownership of liquor stores and franchised retail cannabis stores, offering a variety of products including wines, beers, spirits, and inhalable cannabis products like flower, pre-rolls, and vapes. Its brands include Top Leaf, Sundial Cannabis, Palmetto, and Grasslands, showcasing its commitment to quality and diversity in its offerings.
The U.S. government appears finally to be ready to review its categorization of marijuana as a dangerous drug.
President Biden on Thursday pardoned people who had been convicted of federal charges of simple possession of marijuana, sending pot stocks soaring. But strong headwinds remain for the industry.
Wednesday’s top analyst upgrades and downgrades included Apple, Carvana, Elanco Animal Health, Gilead Sciences, Home Depot, Park Hotels & Resorts, Shoals Technologies, SNDL, SITE Centers and UDR.
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Meme stocks had a mixed day on Friday, with one big loser and one big winner, and Monday's premarket trading seemed a bit muted.
Shares of marijuana grower and retailer Sundial exploded higher Friday morning. They had almost reached a buck, and some retail investors are predicting a rocket ride to $4.20.
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A new all-time high for Bitcoin didn't do much to energize meme stocks on Wednesday. But afternoons are when things have really been happening with these stocks.
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Pot grower Tilray is acquiring a majority position in U.S.-based cannabis retailer MedMen. Is this a portent of more consolidation in the industry?
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The New York state legislature has approved a bill legalizing marijuana in the state and the governor has said he will sign it. Pot stocks are high on the news.
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After markets close Wednesday and before they reopen Thursday morning, two marijuana growers, one electric vehicle maker and one discount retailer are scheduled to report quarterly results.