Marijuana Stock Selloff Finds Another Victim in Sundial

The marijuana stock sell-off has found another victim.

BMO Capital Markets’ Tamy Chen was recently bullish on Sundial Growers, a lesser-known Canadian pot stock. Chen upgraded the stock in September, citing a lower valuation compared to its Canadian peers. But after the market closed on Wednesday, Chen downgraded the stock to Market Perform from Outperform.

Sundial,…

Author: CSN