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Tag: Nasdaq: SNDL

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Cannabis Stocks to Watch in 2022

Companies involved in the cannabis industry work on developing, manufacturing, and distributing cannabis products, as well as companies that support them indirectly. Growing numbers of regions around the world are legalizing cannabis, which has made traditional stock market indices like the NASDAQ include more companies in this industry. There is an expectation that the cannabis industry will grow by at least 25% every year by 2030, and investors are eager to take advantage of the growth. Businesses and entrepreneurs are increasingly capable of taking advantage of cannabis decriminalization or legalization, particularly in states and countries that have already decriminalized or

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What’s the update on Sundial Growers Inc. (Nasdaq: SNDL) Stock?

Sundial Growers Inc. (Nasdaq: SNDL) recently announced that it had repaid $50 million of its outstanding term loans to further strengthen the company’s balance sheet. All amounts are denominated in Canadian dollars unless noted. Repaying the debt will result in an annualized savings of $2.5 million in interest costs. The company’s indebtedness, including the Facility, is approximately $22 million. Its cash balance is currently about $39 million. Sundial’s Chief Financial Officer, Jim Keough, said the fast-tracked repayment of a significant portion of its debt is a further step toward advancing its financial flexibility and reducing its overall cost structure. Our