Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Sundial Growers Stock Surged Today

TheMotleyFool

0 0

Shares of Sundial Growers (NASDAQ: SNDL) popped on Monday after the marijuana producer said it would create a joint venture with SAF Group. As of 1:50 p.m. EDT, Sundial's stock's price was up more than 10%.

The two companies will work together to build SunStream Bancorp. The joint venture will focus on making cannabis-related debt and equity investments in Canada and international markets. Sundial and SAF Group will each own half of SunStream.

Sundial Growers wants to become a major investor in the rapidly expanding cannabis industry. Image source: Getty Images.

Source Fool.com

Like: 0

SNDL

Share