Buds & Duds: Sundial Growers up on financial restructuring, iAnthus Capital down on earnings delay

The North American Marijuana Index rose 2% to hit 98 points today.

Sundial Growers (NASDAQ:SNDL) was up more than 12% in morning trading. This week the Calgary-based firm announced its gone through a financial restructuring including closing the sale of its U.K. subsidiary, Bridge Farm Group for $90 million dollars.

iAnthus Capital Holdings (CSE: IAN) (OTCQX: ITHUF) was down more than 34%. This week the cannabis-focused firm announced it has delayed its annual earnings report until after the extended filing deadline of June 15, 2020. The company stated a failure to file the Required Filings by June 15 may result in the Ontario Securities Commission taking action against the Company, including, the issuance of a cease trade order.

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