At 41 cents per share, the Sundial Growers (SNDL) stock price is significantly below Nasdaq’s minimum continued listing requirement of $1 per share. And both of the company’s grace periods for bringing the share price back into compliance have expired. In June, shareholders will likely vote in favor of a reverse stock split. Following my January coverage of Sundial(NASDAQ:SNDL) Growers stock, in which I pondered the possibility of SNDL stock announcing a reverse stock split to avoid delisting from the Nasdaq, the exchange granted the company a 180-day compliance extension. However, by August 8, 2022, Sundial’s stock price ...
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In a year of turnaround, Sundial Growers will split stock.