Sundial Growers Made a Surprise Announcement That Shareholders Will Love
Cannabis companies often need to raise money through new share offerings in order to help fund their future growth plans. And with the industry still in its infancy, it's likely that pattern will continue. Investors would probably be happy with a company that simply doesn't issue new shares on an ongoing basis. The idea of a pot producer announcing share repurchases is almost unheard of.
However, that's what cannabis company Sundial Growers (NASDAQ: SNDL) announced this month, just a day after releasing its earnings report. While it sounds great, is this really a good move for a business that may end up needing more money?
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Source Fool.com
