Sundial Growers (SNDL) has been falling since November 15th. During this period, the company lost 36%, dropping from $0.8968 to $0.5655. In the pre-market session, the shares are growing by 5%. And the new price per share is $0.5949. Sundial produces inhalations such as flowers, prerolls, and vapes from cannabis for adults in Canada.
More recently, SNDL was just an unknown cannabis company and did not stand out among other stocks in this field. However, after a certain time of good trading and huge revenues, the company became a leading cannabis merchant in Canada. In 2022, could investors expect another acquisition from a company that has hundreds of million?
In 2021, Sundial Growers was very aggressive as it made many acquisitions. First, the company bought Inner Spirit, a cannabis business, for US$102.35 million. In October, Alcanna liquor stores company was acquired for $270.33 USD. SNDL could also acquire High Tide and Fire & Flower, both are the best retail pot cannabis stocks, for US$312.2 and almost US$156.26, respectively. If Sundial were to enter that market area, it would be a huge success. There is another pending deal for the purchase of Spiritleaf, which may be completed in early 2022. Will Sundial be able to capture the market through acquisitions due to its good financial situation?