Based on 2.06 billion shares outstanding as of Aug. 9 and a SNDL stock price of about 75 cents as of the Sept. 7 close, Sundial Growers (NASDAQ:SNDL) has a market capitalization of $1.54 billion.
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That’s right — $1.54 billion with a “B.”
Right off the top of my head, I can think of two excellent investments this company has made over the past year. However, despite these moves, I don’t think Sundial Growers is worth anywhere near that lofty valuation.
MongoDB earnings for the company’s fiscal fourth quarter of 2019 have MDB stock flying high on Thursday.
MongoDB (NASDAQ:MDB) starts off the earnings report for its fiscal fourth quarter of 2019 with losses per share of 26 cents. This is an improvement over the company’s losses per share of 40 cents from the same time last year. It was also a boon to MDB stock by beating out Wall Street’s losses per share estimate of 38 cents for the quarter.
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AI Doctor (CURRENCY:AIDOC) traded down 25.3% against the US dollar during the 1-day period ending at 21:00 PM Eastern on July 6th. AI Doctor has a market capitalization of $11.28 million and $3.37 million worth of AI Doctor was traded on exchanges in the last 24 hours. One AI Doctor token can currently be bought for $0.0254 or 0.00000388 BTC on cryptocurrency exchanges including Bibox, BtcTrade.im, Allcoin and BitForex. During the last week, AI Doctor has traded 51.4% higher against the US dollar.
Here’s how other cryptocurrencies have performed during the last 24 hours:
This year has been a disappointing one for investors in Enbridge (NYSE:ENB) and Brookfield Infrastructure Partners (NYSE:BIP) as both stocks are down double-digits. Two different factors have weighed on their valuations. In Enbridge’s case, investors worried that the Canadian pipeline giant’s debt level had grown too high. Meanwhile, Brookfield Infrastructure has been under pressure due to concerns about growth in the near-term after a recent asset sale.
Those issues, however, should fade away after the companies teamed up on a deal where Enbridge will sell a business unit....More>>>
Constellation Brands is upping its bet on the cannabis industry, announcing an additional $4 billion stake in Canopy Growth on Wednesday.
The maker of Corona and Modelo took a 9.9 percent stake in the Canadian cannabis company in Oct. 2017, which included the option for future investments, giving Constellation a first toehold in an industry the brewer said it expects to soon be legalized across the U.S.
With this latest investment and the execution of some warrants, Constellation says its stake will become 38 percent of Canopy. Additionally, Constellation will receive 139.7 million....More>>>