Why Sundial Growers Stock Is Skyrocketing Today

Shares of Canadian cannabis company Sundial Growers Inc. (NASDAQ: SNDL) traded about 36% higher in the pre-market session on Friday.

What Happened: The retail-investor-favorite company reported third-quarter net income of CAD 11.3 million, compared to net loss of CAD 71.4 million in the year-ago period.

Net revenue from the cannabis segment for the quarter was CAD 14.4 million, up 12% from the year-ago period.  

Adjusted EBITDA for the quarter was CAD 10.5 million, compared to adjusted EBITDA loss of CAD 4.4 million last year.

In addition, Sundial Growers said its board of directors …

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