|Bid||0.6675 x 800|
|Ask||0.6687 x 2200|
|Day's range||0.6512 - 0.6792|
|52-week range||0.1380 - 3.9600|
|Beta (5Y monthly)||6.18|
|PE ratio (TTM)||N/A|
|Earnings date||11 May 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||0.69|
Today's gains probably shouldn't be too surprising, however, coming as they do on the back of positive comments from the CEO of MJBiz, a cannabis industry news site, yesterday evening. Speaking at MJBizCon 2021 in Las Vegas, company CEO Chris Walsh predicted that whatever happens in Congress, 2022 will see at least four more states flip to recreational marijuana legalization -- and perhaps as many as seven. Additionally, Walsh points out that Idaho and Nebraska are in line to legalize marijuana for medicinal purposes.
Canadian-based cannabis company Sundial Growers (NASDAQ: SNDL) has been busy this year. The latest move came this month when it announced the purchase of retail company Alcanna (OTC: LQSIF), which operates 171 liquor stores in Canada (most of which are in Alberta -- Sundial's home province). This move further diversifies Sundial's existing operations and gives it yet another source of revenue.
A lack of cash flow is a big problem in the cannabis sector. Canada-based cannabis company Sundial Growers (NASDAQ: SNDL) is loaning out money to a marijuana producer at a high-interest rate that could generate millions in additional income for its business over the next few years. In February, Sundial invested 22 million Canadian dollars in cannabis edible producer Indiva.