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Sundial Growers is a Canadian licensed cannabis producer, headquartered in Alberta, Canada. The company trades on the NASDAQ as SNDL.
Nasdaq: SNDL | |
Industry | Cannabis |
Founded | 0 |
History & Timeline
[edit]- Feb 16 2021 - SNDL invested $22 million dollars into Indiva Limited. [1]
- March 15 2021 - Sundial and the SAF Group announces a 50/50 joint venture to form SunStream Bancorp Inc.[2]
- May 5 2021 - Sundial Growers announced an agreement has been reached to acquire Inner Spirit Holdings, for $131 million dollars. InnerSprit is a retailer and franchisor of Spiritleaf recreational cannabis stores across Canada. [3]
- May 31 2022 - SNDL completed the acquisition for Alcanna Inc.[4]
- August 22 2022 - Sundial announced an agreement has been reached to acquire The Valens Company,[5]
Operations
[edit]SNDL's business is operated and reported in four segments: Liquor Retail, Cannabis Retail, Cannabis Production and Cultivation, and Investments.
Marijuana
[edit]- | Business type | Notes |
---|---|---|
550,000 sqft | Cultivation and manufacturing space | Example |
185 locations | Cannabis retail | Spiritleaf and Value Buds brands |
Example | Liquor retail | Example |
Example | Investments | Example |
Name | Type | Notes |
---|---|---|
Inner Spirit Holdings | Operator of Cannabis |
|
Alcanna Inc. | Operator of Liquor and Cannabis |
|
The Valens Company | Example | Example |
SunStream Bancorp
[edit]SunStream Bancorp is a private equity investment firm based in Calgary, Canada. The firm seeks to invest in cannabis-related verticals, seeking Canadian and international opportunities and investments.
History
[edit]- March 15 2021 - Sundial and the SAF Group announces a 50/50 joint venture to form SunStream Bancorp Inc. SNDL commits to invest $100 million. [6]
- April 23 2021 - Sundial announces they will contribute an additional $88 million dollars to the joint venture. Increasing its commitment to SunStream to $188 million from its previously announced commitment of $100 million.[7]
- July 7 2021 - Sundial contributes an additional $350 million dollar to SunStream, increasing the total to $538 million dollars.[8]
Investments
[edit]- September 21, 2021 - US$78 Million Senior Secured Term loan to Skymint a vertically integrated cannabis company in Michigan.[9]
- October 21, 2021 - US$100 Million Acquisition Facility loan to Jushi Holdings a vertically integrated cannabis company.[10]
Portfolio Company | Investment | Transaction Date | Amount |
---|---|---|---|
Skymint | Example | 9/21/2021 | $78 million |
Jushi Holdings | Example | 10/21/2021 | $100 million |
Example | Example | Example | Example |
Affiliates
[edit]- Sunstream IVXX is a planned specialty finance company that operates as a closed-end, non-diversified management investment company that anticipates electing to be regulated as a business development company under the Investment Company Act of 1940. A IPO was expected to launch in Q1 of 2022.[11]
- Sunstream Opportunities
References
[edit]- ^ https://www.newcannabisventures.com/sundial-takes-22-million-stake-in-indiva/
- ^ https://www.newcannabisventures.com/sundial-to-contribute-100-million-to-cannabis-investment-joint-venture/
- ^ https://www.newcannabisventures.com/canadian-lp-sundial-to-buy-retailer-inner-spirit-for-131-million/
- ^ https://www.prnewswire.com/news-releases/sundial-growers-completes-acquisition-of-alcanna-301514512.html
- ^ https://www.newswire.ca/news-releases/sndl-announces-agreement-to-acquire-the-valens-company-to-create-leading-vertically-integrated-cannabis-platform-871809403.html
- ^ https://www.newcannabisventures.com/sundial-to-contribute-100-million-to-cannabis-investment-joint-venture/
- ^ https://www.newcannabisventures.com/sundial-to-contribute-additional-88-million-to-cannabis-investment-joint-venture/
- ^ https://www.prnewswire.com/news-releases/sundial-increases-commitment-to-sunstream-bancorp-inc-by-350-million-301326618.html
- ^ https://www.newcannabisventures.com/skymint-raises-78-million-and-expands-in-michigan-cannabis-market/
- ^ https://ir.jushico.com/news-events/press-releases/detail/189/jushi-holdings-inc-secures-us100-million-acquisition
- ^ https://twitter.com/sndl_inc/status/1466404007207862281?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1466404007207862281%7Ctwgr%5E9d1b4281de6cffb097768c339fd96f9421ef5056%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.valuethemarkets.com%2Fanalysis%2Fsunstream-ivxx-ipo-what-you-need-to-know