Sundial Growers (NASDAQ: SNDL) has taken its shareholders on a wild ride over the past few weeks. After reaching highs of nearly $4 per share, the stock has sharply crashed back down to around $1.44 as of Feb. 25. In recent months, Sundial has been the target of retail investors and speculators who have been hoping that a deal involving the pot stock was imminent after the company said it was exploring "strategic alternatives."
But a major merger or acquisition hasn't taken place just yet. And while investors may be disappointed that Sundial missed out on the opportunity to acquire Zenabis Global , they should actually be breathing a sigh of relief.
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For further details see:
Did Sundial Growers Just Dodge a Bullet?