23. April 2021 at 4:25 pm
The Sandrial commitment increases the commitments to SunStream Bancorp Inc.
CALGARY, AB, 23. April 20, 2021 /PRNewswire/ – Sundial Growers Inc. (NASDAQ:SNDL) (Sundial or the Company) announced an increase in its debt to SunStream Bancorp Inc. (SunStream) to $188 million from the previously announced commitment of $100 million. SunStream is a joint venture between Sundial and SAF Group that will leverage a strategic financial and operational partnership to asymmetrically enhance risk/reward opportunities in the cannabis industry and offer an attractive portfolio of debt, equity and hybrid investments. Initially, SunStream plans to set up a special fund with capital from the company and the SAF group, as well as with commitments from limited third-party partners. Sundial expects to provide an update on third-party capital commitments in the next 60 days.
About Sundial Growers Inc.
Sundial is a public company whose common stock is traded on the Nasdaq Capital Market under the symbol SNDL.
Sundial is a licensed producer of cannabis in a state-of-the-art indoor facility. We excel with a handcrafted, modular approach to growing, award-winning genetics and experienced master breeders.
Our Canadian operations grow marijuana in small plots, totaling 448,000 square feet.
Sundial’s brand portfolio includes Top Leaf, Sundial Cannabis, Palmetto and Grasslands. Our experience in consumer products allows us to not only grow high quality cannabis, but also create an exceptional experience for consumers and customers.
We are a proud Alberta company, headquartered in Calgary, Alberta with offices in Olds, Alberta and Rocky View County, Alberta.
Original press release
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