Sundial Growers Inc (SNDL)

[meima1955]

Patience my little grasshopper. Making money on stocks is about the transfer of money from the impatient to the patient. LOL.

SNDL has been expanding via acquisitions in recent years. But its focus has been on the Canadian market and getting bigger there. In 2021, it acquired cannabis retailer Inner Spirit Holdings, which made the company one of the largest operators of pot shops in the country. A year later it would acquire alcohol retailer Alcanna, which also had a majority stake in cannabis retailer Nova Cannabis. In January, SNDL also announced the acquisition of cannabis extraction company Valens. Acquisitions have played a key role in SNDL's growth, as the company reported net sales of 712.2 million Canadian dollars ($525 million) last year, which was up an incredible 1,170% from the previous year.