Even the most seasoned investors were stunned in January, when traders of the r/WallStreetBets subreddit orchestrated a short squeeze that sent shares of brick-and-mortar video game retailer GameStop (NYSE: GME) up over 1,000% in less than a month (although its share price has significantly decreased again). Now, those same traders have turned their attention to shares of Canadian marijuana producer Sundial Growers (NASDAQ: SNDL) . Many new investors have hopes that Sundial could be the stock that helps them get rich quick.
While GameStop investors had genuine grievances for the stock's undervaluation, the same doesn't necessarily apply to Sundial. I think this is one pot stock you should avoid at all costs.
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For further details see:
Why You Should Avoid Sundial Growers Stock Like the Plague