Sundial Increases Commitment to SunStream Bancorp Inc.
Canada NewsWire
CALGARY, AB, April 23, 2021
Fundamental Data - SNDL
| Security Type | Equity |
| Shares Issued | 1,660,226,000 |
| Market Cap | 1,374,335,000 |
| Year High | 3.96 |
| Year Low | 0.1381 |
| Annual Earnings/Share | -0.864 |
| P/E Ratio | -0.96 |
| Annual Dividend/Share | |
| Annual Dividend Yield | |
| Ex-Dividend Date | |
| Sector | 139 - Field Crops, Except Cash Grains, NEC |
CALGARY, AB, April 23, 2021 /CNW/ - Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") announced that it has increased its commitment to SunStream Bancorp Inc. ("SunStream") to $188 million from its previously announced commitment of $100 million. SunStream is a joint venture between Sundial and the SAF Group that will leverage 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 investments. Initially, SunStream expects to form a special opportunities fund with capital from the Company and the SAF Group, in addition to commitments from third-party limited partners. Sundial expects to provide an update on third-party capital commitments within the next 60 days.
Or is it part of this fund ?