Sundial Growers partners with SAF Group to form SunStream Bancorp JV

Dow Jones2021-03-15

Shares of Sundial Growers Inc. (SNDL) surged 3.9% in premarket trading Monday, after the Canada-based cannabis company announced an agreement with SAF Group to form a joint venture, SunStream Bancorp Inc.

The 50/50 JV will generate investment opportunities in the cannabis industry, by providing exposure to debt, equity and hybrid investments. The first mandate of the JV is to form a special opportunities fund, with commitments from third party limited partnerships with an initial commitment of $100 million from Sundial.

"SunStream will enable Sundial to remain focused on our core operations, while leveraging the strength of SAF's private equity and credit investment expertise on a global scale," said Sundial Chief Executive Zach George.

Sundial's stock has soared 183.9% over the past three months, while the Cannabis ETF (THCX) has climbed 69.8% and the S&P 500 has gained 6.7%.

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Comments

AllGetRich
2021-03-15
AllGetRich
Nice
Panyarot
2021-03-15
Panyarot
Niceeee
- Ah樂:
  Good news doesn't mean will go up
- AllGetRich:
  [强]
anna蛋糕达人
2021-03-15
anna蛋糕达人
還是一樣長線
Panyarot
2021-03-15
Panyarot
??
Smilelite
2021-03-15
Smilelite
????
ajajdnqn1744
2021-03-15
ajajdnqn1744
Time to buyyyy

Leave a comment

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