Quick Take
Sundial Growers (SNDL) has filed to raise gross proceeds of up to $130 million from a U.S. IPO, according to an S-1/A registration statement.
The firm develops and markets cannabis products in Canada and other locations with favorable regulatory infrastructure.
SNDL has promise but the IPO is priced excessively. Interested investors may wish to wait until weeks after the IPO for a potentially lower entry point.
Company & Technology
Calgary, Canada-based Sundial Growers was founded in 2006 to develop and market premium cannabis products for the adult recreational cannabis, CBD