User:Yeahimaboss413/sandbox13

Sundial Growers is a Canadian licensed cannabis producer, headquartered in Alberta, Canada. The company trades on the NASDAQ as SNDL.

History & Timeline

 * Feb 16 2021 - SNDL invested $22 million dollars into Indiva Limited.


 * March 15 2021 - Sundial and the SAF Group announces a 50/50 joint venture to form SunStream Bancorp Inc.


 * May 5 2021 - Sundial Growers announced an agreement has been reached to acquire Inner Spirit Holdings, for $131 million dollars. InnerSprit is a retailer and franchisor of Spiritleaf recreational cannabis stores across Canada.
 * May 31 2022 - SNDL completed the acquisition for Alcanna Inc.
 * August 22 2022 - Sundial announced an agreement has been reached to acquire The Valens Company,

Operations
SNDL's business is operated and reported in four segments: Liquor Retail, Cannabis Retail, Cannabis Production and Cultivation, and Investments.

SunStream Bancorp
SunStream Bancorp is a private equity investment firm based in Calgary, Canada. The firm seeks to invest in cannabis-related verticals, seeking Canadian and international opportunities and investments.

History

 * March 15 2021 - Sundial and the SAF Group announces a 50/50 joint venture to form SunStream Bancorp Inc. SNDL commits to invest $100 million.


 * April 23 2021 - Sundial announces they will contribute an additional $88 million dollars to the joint venture. Increasing its commitment to SunStream to $188 million from its previously announced commitment of $100 million.


 * July 7 2021 - Sundial contributes an additional $350 million dollar to SunStream, increasing the total to $538 million dollars.

Investments

 * September 21, 2021 - US$78 Million Senior Secured Term loan to Skymint a vertically integrated cannabis company in Michigan.
 * October 21, 2021 - US$100 Million Acquisition Facility loan to Jushi Holdings a vertically integrated cannabis company.

Affiliates

 * Sunstream IVXX is a planned specialty finance company that operates as a closed-end, non-diversified management investment company that anticipates electing to be regulated as a business development company under the Investment Company Act of 1940. A IPO was expected to launch in Q1 of 2022.
 * Sunstream Opportunities