Sundial Growers Increases Commitment To SunStream Bancorp To C$538 Million

By Amit Chowdhry ● Jul 7, 2021
  • Sundial Growers Inc. (NASDAQ: SNDL) has announced it increased its commitment to SunStream Bancorp to C$538 million. These are the details.

Sundial Growers Inc. (NASDAQ: SNDL) has announced it increased its commitment to SunStream Bancorp to C$538 million from the previously announced commitment of $188 million. SunStream is a joint venture between Sundial and the SAF Group that utilizes a strategic financial and operational partnership to target asymmetrically enhanced risk-return opportunities in the cannabis industry in order to provide exposure to a portfolio of attractive debt, equity and hybrid investments.

Sundial’s business is reported and analyzed under two operating segments: one being cannabis and the other being investments. The cannabis operations – located in Canada – cultivate small-batch cannabis using an individualized “room” approach with 448,000 square feet of total available space. And as a licensed producer that crafts cannabis using state-of-the-art indoor facilities, Sundial’s ‘craft-at-scale’ modular growing approach genetics and experienced growers sets the company apart.

Sundial’s brand portfolio includes Top Leaf, Sundial Cannabis, Palmetto and Grasslands. And the company’s consumer-packaged goods experience enables them to not just grow quality cannabis, but also to create exceptional consumer and customer experiences.

The investment operations seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the global cannabis industry.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.