Adam JacksonAugust 14, 2023
Approval of such a plan has proven to be an uphill battle.
Tag: Sundial Growers
Adam JacksonAugust 14, 2023
Debra BorchardtMarch 9, 2023
Competing lawsuits outline bad behavior at the company.
StaffMarch 8, 2023
This story was republished with permission from Crain’s Detroit and written by Dustin Walsh. Skymint, one of Michigan‘s largest marijuana cultivators and retailers, is now under the control of a receiver as the industry faces an increasingly difficult market in the state. The action by the Ingham County Circuit Court in Lansing signals what could […]
Adam JacksonAugust 15, 2022
SNDL Inc. (NASDAQ: SNDL) posted positive results as the company reaps record revenue from this year’s M&A bets. The Canadian vice operator — formerly known as Sundial Growers Inc. — delivered its second-quarter results ending June 30, 2022. SNDL reported approximately $223.7 million in total revenue during the period, a 2,344% gain versus the same period […]
Debra BorchardtApril 6, 2022
The debt troubles facing Parallel are exposing the risk to other companies. Innovative Industrial Properties (NYSE: IIPR) gets 10% of its revenues from Parallel and Sundial’s (OTC: SNDL) joint venture with SAF Group called Sunstream Bancorp owns some defaulted debt. In March 2021, Sundial Growers Inc. formed a 50/50 joint venture with SAF Opportunities LP, […]
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 […]
StaffFebruary 2, 2021
Sundial Growers Sundial Growers Inc. (NASDAQ: SNDL) has closed a best efforts underwritten registered offering of 100,000,000 Series A Units with gross proceeds from the offering coming at approximately $100 million, before deducting underwriting discounts and estimated offering expenses. In addition to that announcement, Sundial also said that it has priced a best efforts underwritten […]
Debra BorchardtJanuary 6, 2021
The battle is heating up between Sundial Growers Inc. (Nasdaq: SNDL) and Zenabis Investments Ltd. (OTC: ZBSIF) as it appears that Sundial is looking to capture Zenabis by becoming its creditor. Sundial’s subsidiary special purpose vehicle owns $51.9 million of the aggregate principal amount of senior secured debt of Zenabis Investments, which is a subsidiary of […]
Debra BorchardtAugust 14, 2020Sundial Growers Inc. (NASDAQ: SNDL) reported that its revenues were rising and then quickly followed up with an offering. the stock fell from $0.70 to $0.51 on the news for a drop of over 25%. First, the Canadian-based Sundial said its net cannabis revenue increased 44% sequentially in the second quarter of 2020 to $20.2 […]
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