Will Sundial Growers' $800 Million Bet Pay Off?
There isn't much middle ground with Sundial Growers (NASDAQ: SNDL). You pretty much either love or hate the stock. So far this year, Sundial has given investors a lot to love: Its shares have skyrocketed 140% and were up a lot more than that a couple of months ago.
Now the Canadian cannabis producer has made another move that's likely to be a polarizing one. Sundial recently filed a prospectus with the U.S. Securities and Exchange Commission (SEC) to sell up to $800 million worth of its stock. The company appears to be preparing to make a major wager on the global cannabis industry. But will Sundial's big bet pay off?
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