Why Sundial Growers Stock Jumped, Then Dropped Today

Why Sundial Growers Stock Jumped, Then Dropped Today

Shares of Canadian marijuana grower Sundial Growers (NASDAQ: SNDL) spiked 13% early Thursday. When names like GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) soared earlier this month from chatroom buying interest, some speculative pot stocks like Sundial moved in tandem. On Tuesday, Sundial closed an approximately CA$22 million stock and cash investment in Canadian edibles producer Indiva.