Canadian cannabis company Sundial Growers Inc. SNDL,
filed a shelf registration with the Securities and Exchange Commission to issue up to $ 1 billion in securities over time. Calgary-based Sundial, a now penny share of a company that was once valued at $ 1 billion, said in early February that it had fully utilized its previous shelf, following a series of capital increases in recent months. The new shelf enables it to offer ordinary shares, preference shares, warrants, rights and units. Shares were down 11% pre-market, but are up 363% in the year so far, after the stock gained popularity with the Reddit investor group that sent shares of video game retailer GameStop Inc. GME,
and others to dizzying heights in an effort to create a brief press in recent weeks. Separately, Sundial said it had again achieved compliance with Nasdaq listing rules after its shares closed at $ 1 or higher for at least 10 consecutive business days. The Cannabis ETF THCX,
has gained 96% in the year so far, while the S&P 500 SPX,
has won 16%.