Sundial Signs License Agreement with Simply Solventless; Street Sees 50% Downside
Sundial Growers Inc. has entered into a license agreement with
Simply Solventless Concentrates Ltd. (SSC) to produce its
solventless cannabis concentrates products. The Agreement will
enable Sundial to utilize its Rocky View facility, while using
SSC’s intellectual property to produce premium inhalable products.
It will also allow Sundial to leverage SSC's knowledge and
expertise to expand its product line. Furthermore, the parties are
negotiating the possible sale of Sundial’s (SNDL) Rocky View
facility for $5 million, pending the completion of due diligence
and licensing approvals.