Why Sundial Growers Stock Is Trading Higher Today

Sundial Growers Inc (NASDAQ: SNDL) is trading higher Friday after the company announced it will acquire Alcanna.

Sundial will acquire all of the issued and outstanding common shares of Alcanna by way of a statutory plan of arrangement for approximately $346 million.

The acquisition is expected to increase Sundial's free cash flow generation via Alcanna's liquor business. The company will also benefit …

Full story available on Benzinga.com

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