Sundial Growers is a Canadian licensed cannabis producer, headquartered in Alberta, Canada. The company trades on the NASDAQ as SNDL.

Sundial Growers
NasdaqSNDL
IndustryCannabis
Founded0


History & Timeline

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  • 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

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SNDL's business is operated and reported in four segments: Liquor Retail, Cannabis Retail, Cannabis Production and Cultivation, and Investments.

Marijuana

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Caption text
- 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
Acquisitions
Name Type Notes
Inner Spirit Holdings Operator of Cannabis
  • 85 Spiritleaf franchised and corporate stores
Alcanna Inc. Operator of Liquor and Cannabis
  • 171 liquor locations under "Wine and Beyond", "Liquor Depot" and "Ace Liquor" brands
  • 78 cannabis locations under "Nova Cannabis" and "Value Buds" brands
The Valens Company Example Example

SunStream Bancorp

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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

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  • 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

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  • 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]
Investment Portfolio Activity
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

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  • 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

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