Is SNDL Stock a Buy?

With its share price elevated significantly amid buzz surrounding cannabis stocks, management opted to issue a large amount of stock, accumulating $1.1 billion in Canadian dollars ($800.4 million in U.S. currency) in cash, equivalents, and investments by the third quarter of 2021. It then used the money on a series of acquisitions of cannabis and beer companies in Canada, its home market, and created a new segment exclusively for investing in cannabis businesses in North America. Few of its North American c ...