Putting it simply, the story with Sundial Growers (NASDAQ:SNDL) has evolved. No longer the legalization lottery ticket it once was, the idea that you can buy SNDL stock today and flip it when the U.S. approves marijuana on the federal level has more or less gone out the window. Source: Postmodern Studio / Shutterstock.com Instead,…

It’s been a weird, wild year so far for investors of Canadian cannabis company Sundial Growers (NASDAQ:SNDL). It appears that SNDL stock got the meme-stock treatment in mid-February, only to get dumped soon afterwards. Source: Postmodern Studio / Shutterstock.com As we’ll see, the $1 level will be significant for Sundial’s shareholders. Maybe Reddit users will start a short squeeze,…

The big news from Sundial Growers (NASDAQ:SNDL) recently was the Oct. 7 announcement that it is buying Alcanna (OTCMKTS:LQSIF) for 346 million CAD ($277.7 million) in SNDL stock. Source: Postmodern Studio / Shutterstock.com Alcanna is a retailer of alcohol in two Canadian provinces: Alberta and British Columbia. It has 171 locations in the two provinces. It…

Faced with rapidly plummeting revenues and a persistent loss-making marijuana business, cannabis producer Sundial Growers (NASDAQ:SNDL) has subsequently pivoted to an investing game that former industry giant Aurora Cannabis (NASDAQ:ACB) gave up on last year. Could fortunes be different for SNDL stock investors? Source: Postmodern Studio / Shutterstock.com In a new business strategy that meme…