Sundial Is Debt-Free but Still a Risky Proposition, Says Analyst
January 05 2021 - 05:37PM
TipRanks
Not long ago, Sundial Growers (SNDL) was in danger of running out
of cash. Yet, after completing a series of financial restructuring
measures and becoming debt-free, the Canadian cannabis company
recently announced it has acquired a special purpose vehicle for a
total of C$58.9 million in cash. The strategic investment means the
company will now own C$58.9 million of Zenabis Investments’ (a
subsidiary of Zenabis Global) senior secured debt. The note has an
annual interest rate of 14% and is due by March 31, 2025.
https://www.tipranks.com/news/article/sundial-is-debt-free-but-still-a-risky-proposition-says-analyst