Sundial Growers’ Stock Price Prediction in 2021

SNDL is also looking at merger and acquisition activity. The marijuana industry should see consolidation as incumbents look at ways to cut losses amid intensifying competition. Tilray and Aphria have announced a merger, which is expected to close soon since Tilray shareholders approved the transaction. Curaleaf also announced the acquisition of EMMAC Life Sciences in March.

In the earnings call for the fourth quarter of 2020, CEO Zach George said, “I would make the statement that if you look across the space, and you look at where financings, both debt and equity are being struck today. You can quickly reach the conclusion that $1 of cash in this industry is actually worth more than $1 of cash.”

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