SNDL INC - SNDL STOCK NEWS

Sundial Growers has elevated its investment in SunStream Bancorp from $100 million to $188 million. This joint venture aims to target enhanced risk-return opportunities in the cannabis sector, focusing on a special opportunities fund supported by both Sundial and SAF Group, alongside third-party investors. An update on third-party capital commitments is expected within the next 60 days.

Sundial Growers reported significant financial restructuring in 2020, eliminating $227 million in debt and maintaining $719 million in cash as of March 2021. Gross revenue rose 10% to $73.3 million, with net cannabis revenue for Q4 2020 at $13.9 million, up 8% from Q3. The company shifted focus to branded sales, achieving 75% of total cannabis sales. Despite cost reductions in operations, net loss for the year increased to $206.3 million. Sundial emphasized premium products and cultivation to meet consumer demands, while navigating industry challenges such as price compression and an oversupplied market.

Sundial Growers (SNDL) announced a 50/50 joint venture with SAF Opportunities LP, forming SunStream Bancorp. The venture aims to generate enhanced risk-return opportunities in the cannabis industry, focusing on both Canadian and international investments. Sundial commits $100 million to establish a special opportunities fund and plans for additional mandates, including a Canadian SPAC. CEO Zach George mentioned this partnership will help deliver shareholder value while leveraging SAF's investment expertise.

Sundial Growers (NASDAQ: SNDL) announced it will release its financial results for the full year and fourth quarter ending December 31, 2020, after market close on March 17, 2021. A conference call and webcast will follow on March 18, 2021, at 10:30 a.m. EST. Investors can access the live webcast and replay options through the provided links. Sundial operates licensed cannabis production in Canada, focusing on quality and consumer experience with its brands, including Top Leaf and Sundial Cannabis.

Sundial Growers (NASDAQ: SNDL) announces the successful closing of a $22 million strategic investment in Indiva Limited. The investment consists of a brokered private placement of 25 million common shares at $0.44 each, generating $11 million, and a $11 million term loan facility maturing on February 23, 2024, at 9% interest. This move grants Sundial 18.45% ownership in Indiva, with rights to participate in future equity offerings. Indiva plans to use the funds to retire debt and for general corporate purposes. Completion is subject to TSX Venture Exchange approval.

Sundial Growers (NASDAQ: SNDL) announced holders of 98,333,334 warrants will exercise these for cash at US$0.80 and US$1.10, generating gross proceeds of US$89.1 million. In return, Sundial will issue new warrants allowing purchase of common shares at US$1.50, valid for 42 months. Additionally, the new warrants will be registered per SEC regulations. This transaction underscores Sundial's financial maneuvering to strengthen its capital position and improve share liquidity.

Sundial Growers has announced that it has regained compliance with Nasdaq's minimum bid price requirements, having maintained a closing bid price of US$1.00 or greater for at least ten consecutive business days. This confirmation from Nasdaq ensures that Sundial can continue its listing on the Nasdaq Capital Market. The company operates with a focus on quality cannabis production, utilizing advanced indoor facilities to cultivate small-batch cannabis. Sundial is headquartered in Calgary, Alberta, with operations in Olds and Rocky View County.

Sundial Growers has announced a strategic investment of $22 million into Indiva, comprising $11 million in a brokered private placement of common shares and a $11 million term loan facility. The investment aims to enhance Indiva's balance sheet and support growth in the cannabis edibles market. Following the transaction, Sundial will hold 18.45% of Indiva's common shares. Indiva plans to use the proceeds to retire debt and for working capital. The investment is expected to close on or about February 23, 2021.

Sundial Growers has announced a strategic investment of $22 million in Indiva Limited through a brokered private placement and a term loan. The placement involves purchasing 25 million common shares at $0.44 each, raising $11 million, alongside a $11 million term loan. This investment aims to improve Indiva's balance sheet and support growth in the cannabis edibles market. The investment, expected to close by February 23, 2021, positions Sundial to control 18.45% of Indiva's outstanding shares.