Shares of Sundial Growers (NASDAQ: SNDL) rose 6.7% on Friday after the cannabis company said it received approval to transfer the listing of its shares to the Nasdaq Capital Market.
The approval gives Sundial an additional 180 days to satisfy Nasdaq's compliance requirements, which include a minimum share price of $1. The transfer will go into effect on Dec. 15.
Sundial Growers' stock climbed on Friday. Image source: Getty Images.
Source Fool.com