How to buy Sundial Growers (SNDL) stock

Use our step-by-step guide to learn how to buy SNDL stock and compare the best Sundial Growers trading platforms.
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Updated: Jul 6, 2023
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A big part of learning how to buy Sundial Growers stocks is finding the best place to make your investment. Sundial Growers stocks are available to invest in through an online stock broker, and it usually takes just a few minutes to buy shares in Sundial Growers when following our step by step guide.

Where to buy Sundial Growers stock?

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The best stock trading platform to use to buy Sundial Growers stock is Plus500 .

Based on our research, we’ve ranked the top three brokers where you can buy Sundial Growers shares, according to how easy they are to use, how low their fees are, their safety and security rating, and average customer reviews.

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1
Min. Deposit
100 €
Best offer
User Score
10
Negocie +2000 CFD en acciones, opciones, productos básicos y más
Cuenta Demo ilimitada sin riesgos
0 comisiones y spreads atractivos
Start Trading
Payment Methods:
American Express, Apple Pay, Discover, Google Pay, Mastercard, PayPal, SEPA, Tarjeta de crédito, Tarjeta de débito, Transferencia bancaria, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
40 €
Best offer
User Score
9.9
Oferta especial limitada: ¡0% de comisión y 0% de impuesto de timbre en TODAS las acciones!
Plataforma galardonada: compre activos físicos o negocie con apalancamiento
11 métodos de pago, incluido PayPal
Start Trading
Payment Methods:
American Express, Apple Pay, Discover, Google Pay, Ideal, Klarna, Maestro Master, Mastercard, POLi, Przelewy24, Rapid Transfer, SEPA, Sofort, Tarjeta de crédito, Tarjeta de débito, Transferencia bancaria, Transferencia bancaria, Trustly, Visa, Visa Electron, neteller, , , , , , , skrill
Full Regulations:
ASIC, CySEC, FCA

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

3
Min. Deposit
10 €
Best offer
User Score
9.5
Plataforma totalmente automatizada con transacciones instantáneas
Una amplia variedad de opciones de pago
Bueno para principiantes
Start Trading
Payment Methods:
American Express, Apple Pay, Discover, EPS, Giropay, Google Pay, Mastercard, Rapid Transfer, SEPA, Sofort, Tarjeta de crédito, Tarjeta de débito, Transferencia bancaria, neteller, skrill
Full Regulations:
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong

Read more about how we test, rank & review platforms.

How to buy stock in Sundial Growers in 3 simple steps

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Buying Sundial Growers stock is quick and easy, all you need is an internet connection and a copy of your photo ID. Here’s how to do it.

Step 1. Sign up to Plus500

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Plus500 is the best stock trading platform for beginners. Fill in your details to set up a brokerage account and attach a copy of your ID to verify it.

1
Min. Deposit
100 €
Best offer
User Score
10
Negozia +2000 CFD su azioni, opzioni, materie prime e altro
Conto demo illimitato e privo di rischi
0 commissioni e spread interessanti
Start Trading
Payment Methods:
American Express, Apple Pay, Carta di Credito, Carta di Debito, Discover, Google Pay, Mastercard, PayPal, SEPA, Trasferimento Bancario, Trustly, Visa, ,
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2. Make a deposit

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Transfer money to your new account with your credit or debit card, a bank transfer, or an alternative payment method, like PayPal. The minimum deposit is £10.

Step 3. Buy Sundial Growers shares

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Search for Sundial Growers using the ticker, SNDL. Click the ‘trade’ button and enter the details of your investment, such as how many shares you want to buy or how much you want to spend. Hit ‘trade now’ to invest in Sundial Growers and complete your purchase.

It’s as easy as that! You can buy Sundial Growers shares in just 10-15 minutes and now you’re a Sundial Growers shareholder.

Compare the best platforms to buy Sundial Growers stock

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1. Plus500. Best for international CFD trading*

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From 0.08%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to CFDs on over 2000 stocks.

Plus500 has something for all types of stock trader, no matter what level of experience. Its zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting.

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% and varies depending on the instrument. Additional fees include overnight funding depending on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

Buy or sell stock CFDs with Plus500. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. eToro. Best for beginners, copy-trading & demo-account

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0% commission

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because you can trade more than 3,000 stocks, commission free. When you buy stocks on eToro, you’re buying the underlying asset, which means you can earn dividends. Or you can trade fractional shares, which means you can invest in even the most expensive stock from just $10.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the stock market every day, browse the latest analyst opinion about every one of those stocks, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: Stock and ETF trades are commission free. Stock CFDs are charged a 0.15% spread and overnight fees can apply. You can deposit money for free but you have to pay $5 per withdrawal, and there’s a minimum withdrawal of $30. A $10 per month activity fee is charged if you don’t log in for a year.

Highlights

Visit eToro eToro Review

eToro offers real assets only, no CFD products. eToro securities trading offered by eToro USA Securities, Inc. (‘the BD”), member of FINRA and SIPC. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the BD.

3. Public. Best for sharing beginner trading ideas

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public.com logo

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Commission free stock and ETF investing Share and compare your portfolio on a social trading platform Trade crypto, fractional shares, and alternative investments
You can't trade on margin or use leverage No forex, options, funds, metals, or bonds

Overview

We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.

Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.

The fees: There are no fees for investing in stocks during regular trading hours in the US – 9.30am-4pm EST. There is a $2.99 fee for trades outside of regular hours.

Highlights

Visit Review
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Fundamental analysis of Sundial Growers shares

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What is Sundial Growers’s total worth?

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Sundial Growers’s total net worth is $522 million. This is its total market capitalisation, calculated by multiplying the number of shares outstanding on a stock exchange by the current share price.

How has Sundial Growers’s share price performed in recent years?

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The current Sundial Growers stock price today is $2.01, which is 98.37% below its all time high of $132.20, which it reached on 07 August, 2019. 

Overall, SNDL is 98.37% since its 2019 IPO. The SNDL share price is down 4.36% in 2024 with a 52 week high of $8.91 and a 52 week low of $1.95.

What is Sundial Growers’s EPS?

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Sundial Growers’s EPS is -$3.08. EPS stands for earnings per share and is calculated by dividing Sundial Growers’s net profit by the number of shares outstanding. It gives you an idea of how valuable a company is.

What is the Sundial Growers P/E ratio?

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Sundial Growers’s P/E ratio is 0.0. The P/E, or price to earnings ratio, tells you how much you would have to pay per share for $1 of Sundial Growers’s earnings. 

It is calculated by dividing the share price by the earnings per share. You can use Sundial Growers’s earnings estimates to predict its future (or forward) P/E and set a target price you think the stock can reach.

What is Sundial Growers’s dividend yield?

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Sundial Growers’s dividend yield is 0%. The dividend yield tells you how much of Sundial Growers’s share price it gives back to shareholders in dividend payments every year. Sundial Growers does not pay a dividend. 

Is Sundial Growers stock a buy or sell?

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The indicator below shows you live technical ratings for Sundial Growers stock on time frames from one minute to one month. 

It tracks a selection of key technical indicators on live market data, including moving averages, relative strength index (RSI), oscillators, and momentum.

This indicator should be used when you research Sundial Growers to help you decide whether to buy Sundial Growers shares. Past performance is no guarantee of future results. It is not investment advice or a recommendation from Invezz to buy this stock.

Is Sundial Growers a good investment for me? 

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The right answer is different for each person, so here is some information to help you decide whether to buy stocks in Sundial Growers.

  • Sundial controls its whole supply chain. Sundial Growers is a cannabis producer that sells weed products like pre-rolls and inhalants online. It controls the manufacturing process all the way from harvest to point of sale. Sundial is based in Canada and only does business there at the moment.
  • It’s a meme stock. The company burst into the public consciousness in early 2021 as a ‘meme stock’, imitating the rise of the likes of GameStop and AMC Entertainment. Sundial’s actual business performance hasn’t matched up to the hype yet, but the weed industry has potential and the company has undergone something of a transition to try to improve its fortunes.
  • SNDL is a penny stock that could pay off. The interest in Sundial comes from investors looking for the next penny stock that hits it big. Penny stocks are risky but not necessarily bad: the best ones can return 5, 10, or many more times your original investment. Just be aware that it often doesn’t, so it’s a good idea to spread your money across a few different ones to give you the best chance of success.
  • Its stock price has consistently moved lower. It has been an extremely rocky ride since the company first listed on the stock exchange in August 2019. The share price fell 35% on the first day, and by January 2021, was down 99%, available at less than 50 cents, having started at $10.50 eighteen months earlier. 2023 has seen its price trading below $2, near its all-time low. 
  • The cannabis industry is expected to grow in the coming years. In a cannabis market that some bullish commentators predict could be worth $200bn by the end of the decade, there is real growth potential for a successful company. Whether Sundial will be, that company is questionable due to its already poor performance and management. 

It’s always a good idea to think about any potential risks there might be as well. Use this summary of Sundial Growers’s pros and cons before you make a final decision on whether to buy Sundial Growers stock.

Pros

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  • It’s a weed stock that could pay off
  • SNDL can provide short term trading opportunities

Cons

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Are there other ways to buy shares in Sundial Growers?

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Yes, you can invest in Sundial Growers stock in a few different ways. One option is to buy stock in Sundial Growers directly through an investment platform as laid out above, while another popular choice is to invest in a fund. 

Mutual funds provide instant diversification to your investment portfolio by investing in lots of companies at once. You can invest in a Nasdaq index fund to get exposure to Sundial Growers, or choose a cannabis ETF.

Another option is to use a social copy trading platform, like Plus500 . Find a trader who you like and copy their Sundial Growers trades directly to your own account. 

This can be a good investment strategy for beginners and a way to learn how to buy Sundial Growers shares from someone with more experience.

What are the fees for investing in Sundial Growers stock?

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It depends on the stock broker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy Sundial Growers stocks.

Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more. 

These are the trading platforms that charge the lowest fees for buying stocks in Sundial Growers.

Trading platformTrading fees
eToro $0
Skilling $0
Capital.com $0
Degiro $0 (US) / £1.75 (UK)
AvaTrade 0.13% commission

How to sell Sundial Growers stock

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When you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio. 

From there, find your Sundial Growers stock and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.

Should I buy Sundial Growers stock now?

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It’s your investing goals and style that define whether now is a good time to buy. The current Sundial Growers stock price plays into it but ultimately it depends on your investment horizons.

  • If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy stocks in Sundial Growers based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy SNDL.
  • If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think Sundial Growers’s fundamentals are solid then the best time to invest in Sundial Growers stock is after a dip or a pullback in price.

Most new traders sit somewhere between these two positions. You don’t want to actively trade Sundial Growers stock all hours of the day but you don’t want to wait years for a return either.

Either way, following SNDL price news and analysis will help you decide when to dip your toe into the market.

Latest Sundial Growers news

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Sundial Growers stock prediction as shares spike 20% on share buyback announcement
On Friday, Sundial Growers Inc. (NASDAQ:SNDL) shares surged more than 20% after reporting its most recent quarterly results. The company reported its fiscal third-quarter results before markets opened, missing analyst expectations on revenue. However, Sundial’s announcement of a C$100 million
Sundial Growers up 20% after a series of announcement
Sundial Growers Inc (NASDAQ: SNDL) increased by 20% and recently reported its third-quarter operational and financial results for 2021. The company also announced that a new and innovative share repurchase program had been approved by its BoD (Board of Directors). This program allows Sundial to
What're a better buy? Cronos Group or Sundial Growers shares
Cronos Group Inc (NASDAQ: CRON) remains in the focus of investors after New Cannabis Ventures reported that the Altria Group Inc (NYSE: MO) could buy the remaining outstanding shares of the cannabis company. Cronos Group shares advanced above $6.7 after this news but, shares have weakened from their
Sundial Growers share price forecast after a massive sell-off
Sundial Growers Inc. (NASDAQ: SNDL) shares have weakened from their recent highs above $0.80, registered at the beginning of September 2021, and the current price stands at $0.68. The focus remains on restructuring Sundial Growers engages in the production, distribution, and sale of cannabis product
Should I buy Sundial Growers stock right now? Here's my price prediction
Sundial Growers Inc. (NASDAQ: SNDL) shares have advanced from $0.48 above $3.9 since the beginning of January 2021, and the current price stands around $0.95. Fundamental analysis: Sundial’s fundamentals remain weak Sundial Growers engages in the production, distribution, and sale of cannabis
Should I invest in Sundial Growers stock?
Sundial Growers (NASDAQ: SNDL) stock has advanced more than 150% since the beginning of January, and the current price stands around $1.03. The current share price does not represent a good value for long-term investors, but it could advance even more in the ongoing bull market. Fundamental analysis
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FAQs

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Is Sundial Growers stock overvalued?
Do I have to pay capital gains tax on any profits I make?
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Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.