Canadian cannabis company Sundial Growers Inc. SNDL,
filed a shelf registration with the Securities and Exchange Commission to issue up to $ 1 billion worth of bonds over time. The Calgary-based Sundial, a stake in a company that previously had a valuation of $ 1 billion, said in early February that it had fully utilized its previous shelf, after making a series of capital increases in recent months. did. With the new shelf, it can offer ordinary shares, preference shares, warrants, rights and units. The stock fell 11% ahead of the market, but has risen 363% so far this year, after the stock became popular with the Reddit investor group that owns shares of video game retailer GameStop Inc. GME sent.
and others to dizzying heights in an attempt to create a brief push in recent weeks. Separately, Sundial said it was complying with Nasdaq listing rules again after closing its stock at $ 1 or higher for at least ten consecutive business days. The Cannabis ETF THCX,
has risen 96% so far this year, while the S&P 500 SPX,
achieved 16%.
