|Bid||2.1600 x 28000|
|Ask||2.1800 x 2200|
|Day's range||2.1400 - 2.2400|
|52-week range||2.1200 - 9.6000|
|Beta (5Y monthly)||4.09|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
SNDL (NASDAQ: SNDL) has transformed its business over the past few years. Although SNDL is a vastly different company, it still has problems attracting investors. SNDL hasn't been a great buy by any stretch, but given the transformation the cannabis company has made, it's clearly not the same company it was just a few years ago.
Many businesses are struggling to grow, and pooling resources together can be the best way to increase market share and generate efficiencies. Two cannabis companies that I can definitely see crossing paths in the near future are SNDL (NASDAQ: SNDL) and Tilray Brands (NASDAQ: TLRY). Both companies are fighting for market share, and that could intensify in the future, especially as they continue to pursue acquisitions.
If you're thinking of buying shares of the meme stock SNDL, (NASDAQ: SNDL) (formerly known as Sundial Growers), that's not a hypothetical question. After the Canadian cannabis company diversified into selling liquor via an acquisition, it's clear that its future won't be much like its past, and that could mean that the door is open for a rally. There are a few reasons investors might expect SNDL to be a good investment, starting with its freshly diversified operations.