Sundial Growers: The 209% Gain No One Saw Coming

With Canada having waved the green flag on recreational pot in October 2018 and 36 states having legalized marijuana to some degree in the U.S., the North American cannabis industry looks ripe to deliver incredible growth throughout the 2020s. Through this past weekend, marijuana penny stock Sundial Growers (NASDAQ: SNDL) was higher by nearly 550% over the trailing three-month period. On investing app Robinhood, which is known for attracting young and novice investors, Sundial had clawed its way to the No. 8 spot on the platform’s leaderboard — ahead of established winners like Amazon, Walt Disney, and Microsoft.

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