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UPDATE: 12/18: Reports of talks underway for a Sundial Growers merger with Canopy – Source. The Ornamental Flowers segment covers the legacy operations of Bridge Farm. While this sounds gloomy, it is quite the opposite. Trade on live share prices with CFDs. CALGARY, AB, Feb. 2, 2021 /PRNewswire/ - Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") announced today that it has closed a best efforts underwritten registered offering of 100,000,000 Series A Units, each consisting of one common share and one-half Series A Warrant, with each whole Series A Warrant entitling the holder to purchase one common share, and 33,333,334 Series B Units (and together with the Series B Units, the "Units"), each consisting of one pre-funded Series B Warrant (together with the Series A Warrants, the "Warrants") to purchase one common share and one-half Series A Warrant, with each whole Series A Warrant entitling the holder to purchase one common share. Sundial stock holders have been hanging onto a wild roller coaster, but things should be looking up in the near future. The company sold 5,997 kilogram equivalents of cannabis in the second quarter of 2020, a 35% increase over the previous quarter sales of 4,437 kilogram equivalents.” -Green Market Report. Average gross selling prices for unbranded flower in the second quarter were $2.82 per gram up from $2.74 per gram in the previous quarter despite competitive pressures in the wholesale market as a result of industry-wide increased inventory levels. Sundial is a licensed producer that … Partly to mostly sunny, breezy, and unseasonably warm.. Mostly cloudy and quite mild with a shower possible. ... Instagram, Twitter and Facebook, and here to find more information on the Company and its products. The stock is currently trading under .30 cents per share. While Sundial Growers may be liquidating their physical flower stock, their appeal to potential buyers or investors may not be totally lost. Cronos Group ... (this includes WhatsApp and Instagram). Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Your email address will not be published. It operates through the following segments: Cannabis, Ornamental Flowers, and Corporate. “The change in average gross selling price was primarily due to an increase in vape sales. You have permission to edit this article. Hope is far from lost for investors holding onto Sundial stock, as many potential cannabis companies appear to be perfect candidates for a merger with Sundial. These statements are only predictions. Will Joe Biden Pass Another Stimulus Bill When He Becomes President? Analysts also expect revenues to grow faster than the wider market. While Bitcoin contiunes to hit all time highs…, Just yesterday Curis Stock (NASDAQ: CRIS) was selling for about $1.50 throughout the day. “The clear low-light was that analysts slashing their revenue forecasts for Sundial Growers next year. Only whole Warrants are exercisable. Our Canadian operations cultivate small-batch cannabis using an individualized "room" approach, with 448,000 square feet of total space. Your email address will not be published. – Source. Get free stocks when you use our referral link on WeBull! The extradition from Colombia of an alleged drug trafficker wanted in Texas and of interest in Florida may also provide new details about last … GoPro: 41. Required fields are marked *. Sundial is a licensed producer that crafts cannabis using state-of-the-art indoor facilities. View original content to download multimedia:http://www.prnewswire.com/news-releases/sundial-growers-announces-closing-of-its-us100-million-registered-offering-301220098.html. There was an error processing your request. The listed name for SNDL is Sundial Growers Inc. Common Shares. Sundial Growers, Inc. engages in the production and distribution of flower, pre-rolls and vapes. Stock analysis for Sundial Growers Inc (SNDL:NASDAQ CM) including stock price, stock chart, company news, key statistics, fundamentals and company profile.