Post by
jevs on Mar 26, 2021 11:52pm
The Untalked About Facts!
Some weekend fodder... Sundial has about 700 million that they have professed to lend out or otherwise invest. For the sake of this conversation lets start at a very conservative 5%. That would translate into 35 million straight profit over the next 12 months and would continue to come in over the length of the loan. Now, the CEO stated in the telephone call that ' a dollar in the cannabis investment game is not worth a dollar. It is worth a lot more.' Look what they had lined up with Zenabis, money lent out at 14% plus ongoing royalties for the next 32 quarters on total sales. Apply that to the equation and you end up north of 100 million a year coming in for no outlay in expense or labour. They are destined for greatness!
Comment by
quinlash on Apr 08, 2021 2:34pm
Zenabis is being taken over by HEXO, the vote goes through May 13th, likely wrapped up within 30 days on the outside. HEXO noted that debts owed by Zenabis will be addressed shortly after the merger of the two companies is complete. Bye-bye 14% interest payments to SunDial... which, by the way, was a dirt-bag deal by SunDial management to rape a company struggling to survive. JMHO
Comment by
jevs on May 08, 2021 1:35pm
Sundial didn't rape anything. They just bought an already existing debt arrangement between another lender and Zenabis. Zenabis was behind on payments and the original lender didn't want to be stuck trying to run a weed company he knew nothing about. Sundial stepped in and paid out the original lender.
Comment by
jevs on May 08, 2021 1:28pm
You are missing the point. Any loan would be backed by the assets of the company. If they default the business and all physical assets go to sundial. They almost got 250 million in assets from Zenabis by buying Zenabis' debt for 58 million dollars. Zach George is a brilliant business man and we are in good hands. Jevs