Sundial Growers Inc. has increased its commitment to SunStream Bancorp Inc. 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.
Sundial is a public company with common shares traded on the Nasdaq Capital Market under the symbol “SNDL”. Sundial is a licensed producer that crafts cannabis using state-of-the-art indoor facilities. Its ‘craft-at-scale’ modular growing approach, award-winning genetics and experienced master growers set us apart. Its Canadian operations cultivate small-batch cannabis using an individualized “room” approach, with 448,000 square feet of total space.
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 experiences.