One particular cannabis stock could deliver substantial rewards to investors
Shares of SNDL (formerly Sundial Growers Inc) could be a very attractive option for investors looking to end the month on a high note. During a market that is going through some ups and downs, shares of this company are on fire, rising 5.33%. The stock seems to be quite promising and many experts have put it on their shortlist.
SNDL focuses its business on the production and marketing of cannabis for the adult-use market. Among its extensive portfolio are products such as Lemon Riot, Daydream, Zen Berry, Twilight, Tropical Bliss, Pillow Talk, Citrus Punch and others. The firm is essentially dedicated to the production and distribution of inhalable products and brands (flowers, pre-rolls and vapes).
Cannabis operations, retail operations and investments are currently its three reportable segments. Through them, the company has been able to build fairly stable operations. Yesterday morning SNDL shares were trading at $1.58, which is a gain of $0.08, or 5.33%, from the previous closing price of $1.50. So far today, shares have traded between $1.54 and $1.61.
Experts say that if a stock is rising, investors should be bullish, while if it is falling, sentiment is bearish. This company specifically has proven to have great operating skills even when headwinds are blowing.
SNDL operates through cannabis operations and retail operations segments. The recreational cannabis market is its primary focus, which it covers through corporate-owned and franchised cannabis retail stores.