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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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Comment10

  • AllGetRich
    ·2021-03-15
    Nice
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  • Panyarot
    ·2021-03-15
    Niceeee
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    • Ah樂
      Good news doesn't mean will go up
      2021-04-16
      Reply
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    • AllGetRich
      [强]
      2021-03-15
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  • anna蛋糕达人
    ·2021-03-15
    還是一樣長線
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  • Panyarot
    ·2021-03-15
    ??
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  • Smilelite
    ·2021-03-15
    ????
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  • ajajdnqn1744
    ·2021-03-15
    Time to buyyyy
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  • KelvinKan
    ·2021-03-15
    Holding and growing stronger
    Reply
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  • nainiulin
    ·2021-03-15
    真的玩成了一個金融公司[驚訝] 
    Reply
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  • jokoh
    ·2021-03-15
    Holding?
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  • Yasmine
    ·2021-03-15
    wow
    Reply
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