Sundial Growers Stock Following Downward Trends After New Senate Bill

Sundial Growers Stock-Downwards Trends

All three major indices closed higher that day. The Dow Jones gained 162 basis points during the session.

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Sundial Growers Stock-Downwards Trends

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The bill will need at least 60 votes to pass, which seems unlikely given that both sides have already taken issue with it.

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The good news is that the White House has been advocating for some form of federal legalization.

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Sundial Growers will hold its special shareholders virtual meeting after the closing bell today.

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The primary vote will be for consolidation of the current share pool at a reverse split ratio either 1 for 10 or 1 for 25 .

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The stock will trade at either $3.50, $8.50, or both as per the closing price on Thursday.

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Sundial Growers Stock-Downwards Trends

SNDL pulled back along with the wider cannabis sector after investors expressed disappointment at the new Democrat-led legislation.

All three major indices closed higher that day. The Dow Jones gained 162 basis points during the session.

Sundial Growers Stock-Downwards Trends

Sundial Growers Stock-Downwards Trends

Cannabis Administration and Opportunity Act was revealed today and needless to say, investors were not impressed.

The bill will need at least 60 votes to pass, which seems unlikely given that both sides have already taken issue with it.

Sundial Growers Stock-Downwards Trends

The good news is that the White House has been advocating for some form of federal legalization.

Sundial Growers Stock-Downwards Trends

Sundial Growers will hold its special shareholders virtual meeting after the closing bell today.

Sundial Growers Stock-Downwards Trends

The primary vote will be for consolidation of the current share pool at a reverse split ratio either 1 for 10 or 1 for 25 .

Sundial Growers Stock-Downwards Trends

Image Source- The Street

The stock will trade at either $3.50, $8.50, or both as per the closing price on Thursday.

Sundial Growers Stock

Image Source-The Motley Fool

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