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Why Sundial Growers Is Still Absurdly Overvalued

First, the good news: The Canadian cannabis producer plans to buy back up to 100 million Canadian dollars’ worth of its shares. The bad news, though, is that even with the bounce, Sundial’s shares are down nearly 70% year to date. You might think that the combination of a solid stock repurchase and a beaten-down share price would give Sundial an attractive valuation.

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