CALGARY, AB, July 7, 2021 /PRNewswire/ - Sundial Growers
Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") announced that it
has increased its commitment to SunStream Bancorp Inc.
("SunStream") to $538
million from its previously announced commitment of
$188 million. All amounts are in
Canadian dollars, unless otherwise stated.
SunStream is a joint venture between Sundial
and the SAF Group that leverages a strategic financial
and operational partnership to target asymmetrically enhanced
risk-return opportunities in the cannabis industry to provide
exposure to a portfolio of attractive debt, equity and hybrid
About Sundial Growers Inc.
Sundial is a public company with Common Shares traded on Nasdaq
under the symbol "SNDL".
Our business is reported and analyzed under two operating
segments: one being Cannabis and the other being Investments. Our
cannabis operations, located in Canada, cultivate small-batch cannabis using
an individualized "room" approach, with 448,000 square feet of
total available space. As a licensed producer that crafts cannabis
using state-of-the-art indoor facilities, our 'craft-at-scale'
modular growing approach, award-winning genetics and experienced
growers set us apart.
Sundial's brand portfolio includes Top Leaf, Sundial
Cannabis, Palmetto and Grasslands. Our consumer-packaged goods
experience enables us to not just grow quality cannabis, but
also to create exceptional consumer and customer
Our investment operations seek to deploy strategic capital
through direct and indirect investments and partnerships throughout
the global cannabis industry.
We are proudly Albertan, headquartered in Calgary, AB, with operations in Olds and Rocky
View County, Alberta, Canada.
Forward-Looking Information Cautionary
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"), including, but not
limited to, statements regarding the creation of SunStream,
SunStream's investment strategy, including the creation of the
special opportunities fund and the ability to receive commitments
from third parties, contemplated mandates, creation of a special
opportunities fund, the Company's financing
initiatives, operational goals, demand for the Company's
products, the Company's ability to achieve profitability, the
development of the legal cannabis market, future
financings and the maintenance of production levels. In
addition, depending on the development of the cannabis market and
the Company's ability to capture any growth opportunities, future
liquidity issues may continue to arise, which could have a material
adverse effect on our business, results of operations and financial
condition. Forward-looking statements are frequently
characterized by words such as "plan", "continue", "expect",
"project", "intend", "believe", "anticipate",
"estimate", "likely", "outlook", "forecast", "may",
"will", "potential", "proposed" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
These statements are only predictions. Various assumptions were
used in drawing the conclusions or making the projections contained
in the forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. Please see the
risk factors identified in the Company's filings with the SEC,
including those identified in the Company's Annual Report on
Form 20-F and other filings with the SEC, for a discussion of
the material risks that could cause actual results to differ
materially from the forward-looking information. The Company is
under no obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise, except as expressly required by applicable
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SOURCE Sundial Growers Inc.