Canadian cannabis company Sundial Growers Inc. SNDL,
has submitted a register of shelves to the Securities and Exchange Commission to issue up to $ 1 billion worth of securities over time. The Calgary-based sundial, now a penny of companies that once had a valuation of $ 1 billion, said in early February that it had fully used its previous platform, having made a series of capital increases in recent months. The new shelf allows you to offer common shares, preferred shares, warrants, rights and units. The shares fell 11% before the market, but have gained 363% the previous year, after the shares became popular with investment group Reddit which sent shares of video game retailer GameStop Inc. GME,
and others to dizzying heights in an effort to create a small squeeze in recent weeks. Separately, Sundial said it had regained compliance with the Nasdaq’s trading rules after its shares closed at $ 1 or more for at least 10 consecutive business days. The THCX Cannabis ETF,
gained 96% the previous year, while the S&P 500 SPX,
has gained 16%.