Cannabis stocks have been making a strong comeback in recent days and one of the stocks that could be worth tracking at this point, Sundial Growers (NASDAQ: SNDL). It has been in the focus of investors for quite a while and on Wednesday, the stock soared by another 15%.
In this sort of situation, it could be a good idea for investors to start looking into Sundial. The optimism around the possibility of life returning to normal and the Biden administration enacting legislation in favor of marijuana sales are two factors at play here.
It has led to considerable gains in many cannabis stocks over the past weeks. Last week, the stock displayed considerable volatility and had declined from $3.96 to $3 per share. However, it seems that this week the Sundial stock is making a comeback yet again and it could be a good idea for investors to keep an eye on it.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.