Adam JacksonAugust 14, 2023
Approval of such a plan has proven to be an uphill battle.
Tag: Sundial
Adam JacksonAugust 14, 2023Adam JacksonMarch 13, 2023
SunStream plans to continue providing financial support during the receivership.
Debra BorchardtOctober 12, 2022
Sundial ended up buying Zenabis the company that triggered the IPO case.
Debra BorchardtAugust 22, 2022
SNDL Inc. formerly known as Sundial (Nasdaq: SNDL) is buying The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) in a deal valued at C$138 million. That’s an implied value of $1.26 per Valens share, which is currently selling at 83 cents per share.. SNDL has secured a non-revolving term loan that has been refinanced and upsized with […]
Debra BorchardtMarch 21, 2022
Nova Cannabis Inc. (TSX: NOVC) reported its audited annual consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2021. Nova reported that fourth-quarter sales increased 175.9% to $47.6 million over last year and was a 23.2% increase over the third quarter of 2021. The company attributed the sales growth to the continued […]
Debra BorchardtOctober 8, 2021
After the market closed on Thursday, Sundial Growers Inc. (NASDAQ: SNDL) said it was going to buy Alcanna for approximately $346 million. Alcanna (OTC: LQSIF) is one of Canada’s largest liquor retailers, operating 171 locations predominantly in Alberta under its three retail brands “Wine and Beyond”, “Liquor Depot” and “Ace Liquor”. Sundial said it is […]
Debra BorchardtOctober 5, 2021Last week, Sundial Growers (OTC: SNDL) enjoyed some success in the courtroom when a case brought against the company by investors was dismissed. In May 2020, several investors had charged that Sundial made claims in investor presentations that weren’t true. However, U.S. District Judge Andrew L. Carter Jr. said that the various statements made in […]
Debra BorchardtMay 5, 2021
Sundial Growers Inc. (NASDAQ: SNDL) is buying Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF) in a deal valued at approximately $131 million. Inner Spirit is better known as the retailer and franchisor of Spiritleaf recreational cannabis stores across Canada. The Spiritleaf network includes 86 franchised and corporate-owned locations, all operated with an entrepreneurial spirit and […]
Debra BorchardtJanuary 29, 2021Sundial Growers Inc. (Nasdaq: SNDL) has priced an offering in which the company will receive approximately $100 million. The underwritten offering is expected to close on February 2. The company said it plans to use the money for possible acquisitions of, or investments in, equipment, facilities, assets, equity or debt of other businesses, products or […]
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