Sundial’s CEO Talks Cannabis Industry Expectations, Says US May Repeat Some Of Canada’s Mistakes

Reddit’s favorite marijuana stock Sundial Growers (NASDAQ: SNDL) announced last week it will buy Canadian liquor retailer Alcanna Inc. for roughly $346 million.

Apart from Alcanna’s longstanding liquor business with trailing 12-month free cash flow of $16.4 million on a built-out retail platform, the acquisition brings Sundial enhanced exposure with an investment in Nova Cannabis Inc. (TSE: NOVC), a publicly listed, pure-play cannabis retail operator in which Alcanna holds an approximately…

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