Home  »  Stocks to Invest   »  Sundial Growers Inc. (SNDL) stock declines in the ...

Sundial Growers Inc. (SNDL) stock declines in the pre-market trading session. Why is it so?

Sundial Growers Inc. (SNDL) stock surged by 5.38% at the last trading close whereas the SNDL stock declines by 1.02% in the pre-market trading session.  There is no recent news hitting the media related to this up and down in SNDL stock price. Sundial is a publicly traded company, with its Common Shares trading under the symbol “SNDL” on NASDAQ. Sundial is a licensed cannabis producer with state-of-the-art indoor facilities. We stand out because of our ‘craft-at-scale’ modular growing approach, award-winning genetics, and experienced growers.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


What is happening?

We can see this by looking at Sundial’s most recent quarterly results that SNDL’s revenue in the fourth quarter of 2020 was C$13.9 million, down 49 percent from the previous year. Sundial’s income fell by 20% for the entire year of 2020. Sundial had a net loss of C$63.7 million in the fourth quarter and a total net loss of C$239.7 million for the year. The net loss in 2020 was lower than the C$271.5 million loss in 2019. However, a loss is a loss.

For cannabis investors, the losses are tolerable. After all, the cannabis industry is only in the early stages of what will be a major long-term global expansion. Sundial, on the other hand, has a growth problem. Sundial’s revenue is decreasing because it is selling properties and shutting down production while other companies are expanding. In March 2020, Sundial sold its Kamloops, British Columbia, property for $2.1 million. It also stopped producing in Merritt, British Columbia, due to a lack of demand.


Growth is the one thing that cannabis stock investors should be able to count on. If there is progress, the high valuations, cash burn, and regulatory risk can all be overlooked. SNDL is a growth stock that isn’t growing.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts