EXCLUSIVE: Sundial CEO Says Support Of Retail Investors Key To Turnaround

The saturation of the Canadian cannabis market and the ways that retail traders are helping Sundial’s turnaround were among the topics Sundial Growers Inc (NASDAQ: SNDL) CEO Zach George discussed during the last iteration of the Benzinga Cannabis Capital Conference, which is returning to a live format next week in New York City.

The interview with George was moderated by Jeremy Berke, a senior reporter for Business Insider covering the cannabis industry.

Sundial's CEO On The Cannabis Market: Three main factors are affecting the Canadian cannabis market right now, George said at the virtual conference. 

Price compression is a large concern, with oversupply issues leading to flower prices being down over 50% at some points, he said. 

Regulatory dysfunction — including conflicting provincial regulations — is another big factor for the cannabis market in Canada, the CEO said. 

The third factor George named was market share competition that he said could be solved by consolidation …

Full story available on Benzinga.com

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