Shares of Sundial Growers Inc. (NASDAQ: SNDL) skyrocketed during the pre-market trading session of Monday with a heavy volume. The reason behind this huge gain is that the firm has disclosed that after seeing the huge demands for solventless cannabis extracts of the customers the firm has introduced high-quality cannabis products.
These news products by Sundial Growers has been launched under the Top Leaf brand. Sundial Growers has always focused on premium inhalable and these new products which the company has just introduced proved its commitment towards its customers.
Presently, Under its leaf brand, it has introduced the bubble hash products and in the coming quarter, the firm is preparing to introduce other products such as live rosin and pressed hash intending to extend its services and unveil different new products through its various brands.
Shares of Sundial Growers Inc. (NASDAQ: SNDL) rocketed 9.84% with a heavy volume of 33.05 million during the pre-trading session of Monday. In the past 52-weeks of trading, this firm's share went from a low point around $0.14 to briefly over $3.88. Its shares soared 393.99% from its 52-weeks low and plunged -82.42% from its 52-weeks high.
Looking at its profitability, its return on investment, equity, and assets is -54.70%, -154.20%, and -57.80%, respectively. Its Gross Margin is 10.80%. Turning our focus on its liquidity, it has a current ratio of 0.90 and a quick ratio is also 0.50. Sundial Growers’ market cap has remained high, hitting $522.35 million at the time of writing.
Sundial Growers has disclosed that the customers will be able to purchase solventless cannabis extracts in B.C. and Alberta. The firm is also planning to increase access across the whole country in the coming months. The Top Leaf brand of Sundial is recently offering Bubba and Pink Kush in the bubble hash format.
Drug manufacturer revealed that it is working on various products and is hoping to offer these products to its customers in the first quarter of 2021. Sundial Growers can offer premium products to its customers because it has full control over its manufacturing, cultivation, and extraction process. The addition of new products will enable the company to gain more market share of this rapidly increasing segment.