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home / news releases / SNDL - Sundial Moves On Alcanna Acquisition And Nova Cannabis Investment

SNDL - Sundial Moves On Alcanna Acquisition And Nova Cannabis Investment

Sundial Growers Inc
  • Sundial announced its acquisition of Canadian liquor retailer Alcanna with its 171 locations.
  • Along with the acquisition comes a majority equity interest in Nova Cannabis and its 62 locations.
  • Sundial recently acquired the Canadian cannabis retailer SpiritLeaf and its 108 locations.
  • The new retail segment brings a higher valuation for Sundial.
  • Sundial’s stock rallied 20%on news of the acquisition, and I recommend a cautious long-hold position.

For further details see:

Sundial Moves On Alcanna Acquisition And Nova Cannabis Investment
Stock Information
Company Name: Sundial Growers Inc
Stock Symbol: SNDL
Market: NASDAQ
Website: sndlgroup.com
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