Will Sundial Growers Acquire Another Company in 2022?
Prior to it becoming a popular meme stock earlier this year, Sundial Growers (NASDAQ: SNDL) was nothing more than a struggling cannabis business that may have found it difficult to stand apart from other pot stocks.
However, cash can change a company's prospects and its outlook for the future. With an influx of cash plus multiple acquisitions this year, Sundial Growers is a much different business and is now a top cannabis retailer in Canada. But with the company still holding hundreds of million of dollars worth of cash on the books, it may not be done wheeling and dealing. Should investors expect another acquisition in 2022?
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Source Fool.com