Why Sundial Growers Stock Rose Today
The marijuana company is launching a line of advanced cannabis extracts that could prove popular among more health-conscious consumers.
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The marijuana company is launching a line of advanced cannabis extracts that could prove popular among more health-conscious consumers.
Global Cannabis Market Revenues Predicted to Surpass $42 Billion by 2024 Financialnewsmedia.com News Commentary Share this article Share this article PALM BEACH, Fla., Jan. 12, 2021 /PRNewswire/ -- Coronavirus hasn't kept some cannabis companies down… in fact, they're staffing up even though unemployment in most other sectors soar. Dispensaries around the country that were in strong financial shape heading into the pandemic have been hiring additional workers in response to robust demand for marijuana products. Almost all states have allowed pot shops to remain open, even though vast sw...
Sundial Announces the Launch of Premium Concentrates Products Under its Top Leaf Brand News provided by Share this article Share this article CALGARY, AB, Jan. 11, 2021 /PRNewswire/ - Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") has launched high-quality cannabis derivative products under the Top Leaf brand in response to rising consumer demands for solventless cannabis extracts. This most recent launch is consistent with Sundial's focus on premium inhalables, following branded retail offerings of flower, pre-roll and vape cartridges. "We made a strategic decision to...
Sundial Provides Update of Strategic Investment News provided by Share this article Share this article CALGARY, AB, Jan. 6, 2021 /PRNewswire/ - Sundial Growers Inc.'s (Nasdaq: SNDL) ("Sundial" or the "Company") subsidiary special purpose vehicle that owns $51.9 million of aggregate principal amount of senior secured debt (the "Senior Loan"), such amount being inclusive of the payment referred to below, of Zenabis Investments Ltd. ("Zenabis"), a subsidiary of Zenabis Global Inc. (the "Parent") received a principal repayment of $7.0 million on December 31, 2020 (the "Payment") in accordance wit...
Sundial Announces Strategic Investment Share this article Share this article CALGARY, AB, Dec. 30, 2020 /PRNewswire/ - Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") announced today that it has closed the acquisition of a special purpose vehicle (the "Investment"). Consideration for the Investment, totaling $58.9 million in cash, was funded from Sundial's available cash reserves which totaled $110 million immediately prior to the closing of the Investment. All amounts are denominated in Canadian dollars unless otherwise noted. The special purpose vehicle owns $58.9 millio...