SNDL or Sundial Growers is a licensed company that produces cannabis in Alberta. Sundial Growers has followed practices to involve modern horticulture techniques in the farming and production of different types of cannabis. They focus mainly on the production of inhalable products like prerolls and vapes. Depending on the quality and the target market of the cannabis-based product, SNDL markets its products under several different brand names.
What is Sundial Growers’ stock split history?
Since being established in 2006, Sundial Growers has only split their stock once in 2022. Instead of going down the traditional route, Sundial Growers chose to follow through with a 1 for 10 reverse stock split. That means that for every 10 shares owned before the split, the shareholder would now own one share after the reverse stock split. Below is a detailed table of Sundial Growers’ stock split history:
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Why did Sundial Growers split stock?
A reverse stock split is used as a method to increase the price per share. In the case of Sundial Growers, they needed their share price to increase to a certain level so they could continue listing their shares on the Nasdaq stock exchange. The condition put forth by Nasdaq was that SNDL’s bid price for shares must be close to or above $1 for 10 consecutive days.
What is the position of Sundial Growers currently?
In 2022, Sundial Growers went through a massive transformation and the first thing that happened was the official change of name to SNDL. Other than that, SNDL’s stock was demolished this year though they still made a lot of cash without creating more debt.
FAQs
Will Sundial Growers’ stock recover?
If SNDL’s management makes the right decisions at the right time, analysts predict that they could increase their revenue from CA$ 73.3 million to CA$ 705 million. It is even predicted that SNDL could earn around CA$ 1.1 billion in revenue if everything goes in its favor.
Who are the largest shareholders of SNDL?
SNDL has 7.24% institutional shareholders and 92.76% retail investors. But their largest individual investor is Etf Managers Group LLC because they own an average of 7.22M shares, which makes up 3.07% of the company.
Is SNDL stock a “Buy” or a “Sell”?
The consensus is that Sundial Growers is a “Buy”. However, the rating score is 2.67 and is based on 2 “buy” ratings, 1 hold rating, and zero sell ratings.
What will SNDL be worth in 2025?
Forecasters claim that Sundial Growers stock can reach a price of $4.69 by 2025 and may even hit $41.18 by 2034.
Conclusion
Sundial Growers is a relatively new company, having been established only 17 years ago. In that short time, they have earned remarkable profits and gathered a loyal market for themselves. No matter the financial constraints, it appears that the company has a good future.