Sundial Growers SNDL shares are trading higher on Wednesday after rising more than 30% in the previous trading session.
The shares of several cannabis companies are trading higher, potentially amid increased sector interest from retail investors on WallStreetBets. Positive catalysts for the cannabis space this week also included earnings from Canopy Growth and Tilray's UK distribution agreement.
See also: How to Invest in Cannabis Stocks
Sundial Growers Inc is engaged in producing and marketing of cannabis for the adult-use market. Some of its products are Lemon Riot, Daydream, Zen Berry, Twilight, Tropical Bliss, Pillow Talk, Citrus Punch, and others. The company's primary focus is on producing and distributing inhalable products and brands (flower, pre-rolls, and vapes).
See also: How to Buy Sundial Growers (SNDL) Stock
Sundial Growers stock was up 78.79% at $2.95 Wednesday. The stock has a 52-week high of $3.04 and a 52-week low of 14 cents.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.