How to Buy Sundial Growers Stock [2024]

Summary: Sundial Growers, or SNDL for short, is a prominent Canadian liquor and cannabis retailer. In this guide, you will learn how to buy Sundial Growers stock on online trading platforms such as eToro.

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About Sundial Growers

Sundial Growers homepage. Source: SNDL.com

Sundial Growers (NASDAQ: SNDL), or SNDL for short, is a Canadian company specializing in the cultivation, processing, and distribution of premium cannabis products for medical and recreational use, as well as liquor. While primarily operating in Canada, the company has been exploring international opportunities, continuing to adapt and innovate to maintain its position in the evolving market landscape characterized by growing efforts of cannabis legalization

How to buy Sundial Growers stock: Step-by-step

To invest in Sundial Growers, you can:

Find a broker: Find a brokerage platform that lists SNDL shares;
Register and fund your account;
Place a trade: Find the stock on the broker’s platform and place a trade;
Monitor your investment.

For similar investments, be sure to check out our guide on how to buy cannabis stocks, as well as our guides on:
– Best Marijuana Penny Stocks;
– Weed Stocks That Pay Dividends;
– Best Weed ETFs.

Step 1: Find a broker

Before you start investing, it’s essential to find a trustworthy, licensed brokerage platform that offers the shares you intend to purchase.

Our go-to brokerage for cannabis stocks is eToro, a major stock trading platform with millions of users and a host of nifty trading features such as:

Commission-free stock and ETF trading;
Over 2,000 stocks from 17 different exchanges;
Fractional shares;
Charting tools;
User-friendly platform.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Step 2: Fund your account

The next step is to register and fund your account. To register, follow the instructions provided by the broker (specifics may vary between platforms). Regarding funding, transfer funds from your bank account to your brokerage account. Leading platforms typically provide various funding options, including:

Bank transfers;
Wire transfers;
Electronic funds transfers (EFTs).

Step 3: Place a trade

After transferring funds, you can proceed to place your orders. Simply follow these steps:

Log in on your broker’s website;
Find the SNDL shares;
Specify the number of shares you wish to buy (or the dollar amount you wish to invest);
Select order type (i.e., market, limit, stop-loss, etc.);
Review all the details again;
Execute the trade.

Step 4: Monitor your investment

Purchasing shares marks just the beginning; it’s crucial to monitor your investments to ensure they meet your expectations.

Begin by leveraging the charts tool and market analysis features available on your brokerage platform to monitor stock price movements. Furthermore, consider diversifying your investment portfolio by exploring new stock opportunities.

Additionally, you can boost your confidence in investing by trying copy-trading, which allows you to replicate the successful trading strategies of seasoned investors on your platform

Should you identify a more enticing investment prospect, remain flexible and modify your trading approach to enhance long-term profitability. That may entail selling your SNDL shares if chart indicators suggest it’s wise to do so.

Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.

Sundial Growers stock price today

Pros and cons of investing in Sundial Growers

Pros

Growth potential: The legal cannabis industry is projected to grow to $72 billion by 2030;
Early bird investing: Since the industry is still relatively young, early investors can reap some of the benefits more easily if the industry indeed grows;
The demand is likely to grow: Thanks to legalization efforts, the demand for cannabis products is projected to grow;
Diverse portfolio: Sundial Growers runs both liquor and cannabis operations.

Cons

Lack of dividends: Sundial Growers does not pay dividends;
Unpredictable future: The cannabis market is new, and there is still a social stigma surrounding it. Therefore, its future is more tough to predict;
Ethical issues: Due to the mentioned social stigma, some investors are not comfortable investing in companies such as Sundial Growers;
Regulatory challenges: The cannabis industry is still subject to a lot of regulations and is not fully legal under federal law in a lot of countries.

FAQs about how to buy Sundial Growers stock

Is investing in cannabis stocks legal?

Yes, it is completely legal to invest in cannabis stocks.

What is Sundial Growers’ stock ticker?

The Sundial Growers stock ticker is SNDL.

Where to buy Sundial Growers stock?

You can buy Sundial Growers stock on online investment platforms such as eToro.