CALGARY, AB (January 6, 2021) — 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 with the terms of the Senior Loan. Despite the Payment, a notice of default was delivered to Zenabis with respect to certain defaults under the terms of the Senior Loan. Zenabis is disputing said defaults.
All amounts are denominated in Canadian dollars.
Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial") today announced that between September 3, 2021 and October 19, 2021, Sundial disposed of 2,336,500 common shares (“Common Shares”) in the capital of Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF)Read More
Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) is pleased to announce today that it has entered into an arrangement agreement (the “Agreement”) with Alcanna Inc. (TSX: CLIQ) (“Alcanna”) pursuant to which Sundial will acquire all of the issued and outstanding common shares of Alcanna (“Alcanna Shares”) by way of a statutory plan of arrangement for total consideration of approximately $346 million (the “Transaction”).Read More
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