Canadian cannabis company Sundial Growers Inc. SNDL,
filed for registration with the Securities and Exchange Commission to issue up to $ 1 billion in securities over time. Calgary-based Sundial, now a penny in shares of a $ 1 billion company, once said in early February that it had made full use of the previous shelf after making a series of capital increases. in the last months. The new shelf allows it to offer joint actions, preferred shares, mandates, rights and units. The shares fell 11% before trading, but gained 363% in the last year, after the shares became popular among the Reddit investor group that sent shares of video game retailer GameStop Inc. GME,
and others at dizzying heights in an effort to create a short squeeze in recent weeks. Separately, Sundial said it regained compliance with Nasdaq’s listing rules after its shares were closed at $ 1 or more for at least 10 consecutive business days. Cannabis THCX ETF,
has gained 96% so far, while the S&P 500 SPX,
gained 16%.