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About SNDL Inc.
SNDL Inc. (Nasdaq: SNDL) is a leading private-sector liquor and cannabis retailer in Canada, recognized for its expansive retail network and vertically integrated operations. With retail banners such as Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf, SNDL operates hundreds of locations across the country, catering to diverse consumer preferences in the liquor and cannabis markets. The company’s liquor retail segment, which encompasses the sale of wines, beers, and spirits, generates the majority of its revenue, solidifying SNDL’s position as a dominant player in this sector.
In the cannabis retail space, SNDL is the largest private-sector operator in Canada by store count, with banners like Value Buds, Spiritleaf, Superette, and Firesale Cannabis. These stores focus on providing high-quality products at competitive prices, supported by data-driven insights that enhance customer experiences and optimize inventory management. SNDL’s cannabis operations extend beyond retail, encompassing premium indoor cultivation, innovative product development, and cost-efficient manufacturing. Its cannabis brand portfolio includes well-known names such as Top Leaf, Contraband, Palmetto, Bon Jak, and Vacay, offering a wide range of products from value to premium categories.
As a licensed cannabis producer, SNDL has embraced vertical integration to streamline its supply chain and reduce costs. The company’s advanced cultivation techniques and manufacturing facilities enable it to produce high-quality biomass and a diverse array of cannabis products, including edibles, concentrates, and inhalables. Recent acquisitions, such as Indiva Limited, have expanded SNDL’s footprint in the edibles market, adding renowned brands like Pearls by Grön and Bhang Chocolate to its portfolio.
In addition to its retail and production capabilities, SNDL operates a robust investment portfolio through strategic capital deployment in North American cannabis markets. This includes partnerships and joint ventures such as SunStream Bancorp, which focuses on acquiring and restructuring cannabis assets in the United States. These investments align with SNDL’s strategy to capitalize on emerging opportunities in the cannabis industry while maintaining regulatory compliance.
SNDL is committed to operational excellence and customer-centric innovation. Its recent organizational restructuring aims to enhance efficiency, reduce corporate overhead, and position the company for sustainable growth. By leveraging technology, data analytics, and its vertically integrated model, SNDL continues to strengthen its market position and deliver value to its stakeholders.
Headquartered in Calgary, Alberta, SNDL remains a key player in Canada’s liquor and cannabis industries, with a focus on quality, innovation, and customer satisfaction. Its diverse operations and strategic initiatives underscore its role as a leader in these dynamic markets.
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.
Sundial Growers announced the completion of a registered offering, raising approximately US$74.5 million. This offering consists of 60.5 million Series A Units and 14 million Series B Units, each priced at US$1.00. Following the offering, Sundial's unrestricted cash totals around US$610 million, supplemented by US$61 million in marketable securities and loans. The company has about 1.56 billion common shares outstanding. The exercise price for Series A Warrants is set at US$1.10 per share.
Sundial Growers has closed a registered offering of 100 million Series A Units and 33.3 million Series B Units, raising approximately US$100 million. Each Series A Unit consists of one common share and a half warrant for US$0.75 each. The company expects to close an additional offering of US$74.5 million. Post-offering, Sundial will have about US$615 million in unrestricted cash and US$57 million in marketable securities. CEO Zach George highlighted the strong liquidity position to explore consolidation opportunities in the cannabis sector.
Sundial Growers announced a registered offering of 60,500,000 Series A Units and 14,000,000 Series B Units, priced at US$1.00 each. The expected gross proceeds from this offering are approximately US$74.5 million, set to close on February 4, 2021. Each Series A Unit consists of one common share and one-half Series A Warrant, while Series B Units include a pre-funded Series B Warrant. With this offering, Sundial will fully utilize its shelf registration statement from January 25, 2021. Canaccord Genuity LLC is the book-running manager of the offering.
Sundial Growers (Nasdaq: SNDL) has announced a registered offering of 100 million Series A Units and 33,333,334 Series B Units, priced at US$0.75 each. The gross proceeds are expected to be approximately US$100 million, aimed at financing potential acquisitions, investments, and working capital. The offering is set to close on February 2, 2021. Each Series A Warrant will have an exercise price of US$0.80 and will be exercisable immediately. The offering will comply with SEC regulations.
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