Is Sundial Growers Positioning Itself for a Buyout?
Consolidation in the highly competitive cannabis industry is inevitable. Many marijuana producers in Canada are struggling to grow their market share, and the easiest way to get bigger is through mergers and acquisitions (M&A).
Cannabis producer Sundial Growers (NASDAQ: SNDL) has been busy with its own M&A this year, but investors shouldn't also rule out the potential for a larger company to acquire it. Here are some of the signs I think the company could be trying to make itself a more attractive acquisition target.
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Source Fool.com
