Back in February, Sundial Growers (NASDAQ: SNDL) became a popular get-rich-quick cannabis stock after traders from the now legendary WallStreetBets subreddit forum took an interest in its shares. After all, who doesn't love the story of a company that's in deep trouble but has high hopes of turning it all around?
As it turns out, Sundial went nearly all-in with its capital to invest in a market that never quite materialized. Bad news came for shareholders who didn't cash out in time, as the stock is now down nearly 70% from its February highs. Is there any hope left for those still holding on, or are maybe thinking about buying the dip?
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Source Fool.com