Sundial Growers Inc (NASDAQ:SNDL) shares are trading higher in Thursday's after-hours session on continued momentum from regular trading hours.
Shares of several cannabis stocks surged higher Thursday afternoon following reports indicating The House Rules Committee has scheduled a Monday-afternoon meeting to prepare a federal marijuana legalization bill for floor action.
The legislation would reportedly remove cannabis from the list of federally controlled substances.
The continued momentum in after hours may be a result of increased retail trading activity in the name. The stock was a favorite among retail traders during the meme-stock craze last year.
Sundial Growers is engaged in producing and marketing cannabis for the adult-use market.
SNDL 52-Week Range: $0.40 - $1.49
The stock was up 6.55% in after hours at 79 cents at time of publication.
Photo: herbalhemp from Pixabay.
