Sundial Growers Is Bankrolling These Cannabis Stocks

Cannabis company Sundial Growers (NASDAQ:SNDL) got an influx of cash earlier this year thanks to its rising popularity with retail investors. The meme stock cashed in on its hype in late January and early February when management took advantage of an inflated stock price and announced two offerings. Sundial is now in a great financial position, sitting on hundreds of millions of dollars -- well more than what it needs to fund its day-to-day operations.