Cannabis grower gets smoked by dilution

摘要

SUNDIAL GROWERS, a rapidly expanding Canadian cannabis grower, provided a lot of positive signs leading up to its Nasdaq stock market debut on Thursday. Hefty dilution from pre-lPO equity-linked funding was not among them. The company was able to increase the size of the IPO to 11m shares, from 10m, and price at US$13, the mid-point of the US$12-$14 marketed talk.