Sundial Growers has paid $58.9 million in cash to acquire a special purpose vehicle (SPV) owning $58.9 million of senior secured debt of Zenabis Investments Ltd. Following the investment, Sundial now has an unrestricted cash balance of approximately $51 million and about 919 million common shares outstanding. Sundial's (SNDL) brand portfolio includes Top Leaf, Sundial Cannabis, Palmetto and Grasslands, with the company using state-of-the-art indoor facilities to produce quality cannabis products and create exceptional consumer and customer experiences.  The Senior Loan that Sundial has acquired through the SPV expires on March 31, 2025 and bears interest at a rate of 14% per annum.
https://www.tipranks.com/news/sundial-buys-spv-for-58-9m-in-cash