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Fresh off U.S. IPO, Sundial’s sales place it among Canada’s top 10 cannabis producers

Sundial brought in $19.3 million in net revenue for its most recent quarter.

Sundial Growers Inc., a Calgary-based cannabis producer that went public two weeks ago, brought in $19.3 million in net revenue for its most recent quarter, placing it among the top 10 cannabis companies in the country in terms of sales.

Sundial announced Wednesday that it had sold 4,700 kilograms of cannabis between April 1 and June 30. It was the company’s inaugural quarterly financial report as a public company, following its Aug. 1 listing on the Nasdaq, where it raised US$143 million through the issuance of 11 million shares.

Sundial has a market value of approximately $800 million.

READ MORE HERE www.thegrowthop.com/cannabis/cannabis-business/cannabis-investing/fresh-off-u-s-ipo-sundials-sales-place-it-among-canadas-top-10-cannabis-producers/wcm/4f20178a-0e1c-4d0b-b162-1f0ab9e17283

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