Why Sundial Growers Stock Moved Up Today

Shares of Canadian cannabis company Sundial Growers (NASDAQ: SNDL) were on the move Tuesday morning. After popping nearly 6% early, Sundial shares were holding on to a 3% gain as of 10 a.m. EDT. 

Sundial issued a press release today related to its investment in The Valens Company, a Canadian cannabis products and processing services company. Sundial has previously been invested in Valens, but according to today's release it now holds a 10% stake. The release is just a disclosure filing required under Canadian financial regulations, but it highlights the business strategy widely followed Sundial Growers will use going forward.

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Source Fool.com