Sundial Growers Inc. Common Shares
SNDLSundial Growers Inc. is a Canadian cannabis company involved in the cultivation, production, and distribution of marijuana products. Established in 2015, it focuses on providing a range of recreational and medicinal cannabis offerings. The company aims to capitalize on the expanding legal cannabis market through various brands and retail channels.
Company News
President Trump's executive order to reschedule cannabis to Schedule 3 could eliminate Section 280E of the Internal Revenue Code, allowing U.S. cannabis operators to deduct business expenses for the first time. This represents the most significant federal cannabis policy shift in over 50 years. However, challenges remain including inability to li...
President Trump is considering rescheduling marijuana from Schedule I to Schedule III, which could potentially remove tax burdens on cannabis businesses and improve their financial prospects.
President Trump is considering an executive order to reclassify marijuana as a Schedule III substance, which could transform the cannabis market, reduce legal punishments, and facilitate scientific research.
Tilray Brands reported better-than-expected Q1 results, with net revenue up 5% and returning to net income. The stock surged 22%, with peers in the cannabis sector also gaining on renewed optimism around U.S. cannabis policy changes.
