If you are looking for stocks that might have recorded significant gains in recent days then one of the stocks that could be tracked is that of Sundial Growers Inc (NASDAQ: SNDL).
SNDL stock has rallied strongly over the course of the past week and recorded gains of as big as 50%. The strong rally in the stock could be linked to the update provided by the company with regards to a strategic investment earlier this week.
Sundial announced that it received a principal repayment of $7 million on December 31, 2020, in lieu of its strategic investment in Zenabis Investment Ltd. Zenabis is a subsidiary of Zenabis Global.
However, it should be noted that Sundial delivered a notice to Zenabis with regards to defaults regarding the loan. The defaults are being disputed by Zenabis. The substantial principal repayment remains a major boost for Sundial and it remains to be seen if the stock can continue to add to its gains today.