Investors who have owned stocks in the last year have generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE: SPY) total return over the last 12 months is 47.3%. But there is no question some big-name stocks performed better than others along the way.
Sundial battled a difficult Canadian cannabis market throughout 2020 and the biggest headline about the company was its massive shareholder dilution. In the past year, Sundial’s share count has skyrocketed 1,490%.
Meanwhile, the company continues to burn through cash and its revenue is going in the wrong direction, down 49% in the fourth quarter and 20% for all of 2020. The company reported a net loss of C$63.7 million in the fourth quarter and C$239.7 million for the full year.
Sundial’s share of the Canadian cannabis market dropped to just 2.7% in the …