RE:RE:RE:SundialGrowth100Percnt - (1/2/2021 9:40:58 AM)
RE:RE:Sundial Sundial's website does mention the word "merger" in it.
Sundial does state that it's considering all options as far as strategic alternatives - and everyone knows there's going to be mergers and acquisitions.
Personally, I don;t see any benefit to Sundial as far as Zena though - if you had $50 million in cash, why would you use it to merge with a company that owes $200 million? More production area - for what, to leave sitting unused like Zena because the market isn't there.?
I think more likely a Sundial merger would be with a Delta 9 or a EMH - pretty solid little companies fianncially as well - and a strong base to expand on.
More likely though - I think Sundial does a reverse split in order to maintain their Nasdaq listing and sets itself up as an attractive take over target from a U.S. based company, which would include the possibility of acquiring some Zena facilities/square footage when Zena defaults on the $58 million loan.