SNDL 180-Day Extension by Nasdaq to Regain Compliance
SNDL Sundial received an extension of 180 calendar days to regain compliance with Nasdaq's minimum $1 bid price requirement.
SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
Let`s just remember how SNDL stock was trading at $3.96 one year ago around the same date.
But the company made progresses and the Alcanna buyout should take Sundial Growers Stock back to $1.
The investors were scared because of a possible dilution or delisting from Nasdaq for non-compliance.
Now it should also regain trust from investors and see it touching the $1.30 resistance soon.
SNDL needs to close at or above US$1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022, which most likely should happen sooner.
Let`s just remember how SNDL stock was trading at $3.96 one year ago around the same date.
But the company made progresses and the Alcanna buyout should take Sundial Growers Stock back to $1.
The investors were scared because of a possible dilution or delisting from Nasdaq for non-compliance.
Now it should also regain trust from investors and see it touching the $1.30 resistance soon.
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