What Made Sundial Growers Stock Surge Today?

Sundial Growers’ stock has plummeted by more than 70% since June, leaving many investors out of pocket. In today’s recent session, the stock market of a Canadian cannabis company, Sundial Growers, sees considerable growth compared to other companies in the same industry. In the pre-market trading session, it surged by almost 4% to $0.500, and the last close was at $0.4764. It is currently moving forward without falling. Consequently, the stock market of the American cannabis company GreenThumb Industries is falling sharply; it fell by 1.71%.

Sundial Growers

On the other hand, Egan-Jones Ratings Company, an independent, non-affiliated rating agency, has assigned an investment grade rating of BBB+ to Sunstream Opportunities LP, an associate of Sunstream Bancorp Inc., a joint venture sponsored by Sundial Growers Inc. In addition, Sundial Growers is likely to announce its next quarterly results between March 15 and March 21. Analysts believe that the company’s revenue may boost significantly in the next quarter compared to the previous quarter. It had a 981 million dollars market cap.