Why Sundial Growers Stock Plunged in April

Why Sundial Growers Stock Plunged in April
·2 min read

Shares of Canadian cannabis company Sundial Growers (NASDAQ: SNDL) dropped 24% in April, according to data provided by S&P Global Market Intelligence. The month of April was fairly unremarkable for Sundial, but the company had several capital raises earlier in 2021, and investors want to see some productive uses of it. As of March 15, 2021, Sundial had a cash balance of more than $700 million, most of which came from share offerings in 2021.

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