By Josh Beckerman
Sundial Growers Inc. shares were up 14% to 58 cents, as the company received a 180-day Nasdaq listing extension and several other cannabis stocks posted gains.
Sundial previously said it was out of compliance with a requirement to maintain a $1 minimum bid price. The company said it will implement options to regain compliance, if necessary, including a potential reverse stock split.
Canopy Growth’s Nasdaq-listed shares were up 14% to $8.80 after the company said third-quarter losses narrowed. In Nasdaq trading, Aurora Cannabis Inc. was recently up 10% and Tilray rose 11%.
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