On Dec. 30, 2020, Sundial announced it had acquired a special purpose vehicle that at the time owned 58.9 million Canadian dollars worth of Zenabis's senior secured debt. Keep in mind, the company is actively looking for a suitor for a merger or acquisition deal. There’s a lot of consolidation among cannabis companies right now, so speculations about additional M&A from Sundial don’t come as a huge surprise after Tilray’s merger with Aphria. Sundial's stock is scorching hot right now, but buying based on a potential deal is very risky, as there's no telling who it could partner with and whether investors will view the terms of the transaction favorably. Join Mergr and gain access to Sundial Growers’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the consumer products sector. Copyright, Trademark and Patent Information. This is a real head scratcher for many considering the fact that analysts have been cutting estimates. Stock Advisor launched in February of 2002. And the company has been busy since then, suggesting that something big could be on the horizon. Cornerstone Investments. It’s largest disclosed sale occurred in 2020, when it sold Bridge Farm Nurseries to Artemis Capital Partners for $105M. One company cannabis investors should keep a close eye on is Sundial Growers (NASDAQ:SNDL). In its most recent earnings report, Sundial dropped a small but significant hint that it could be a buyer or a seller in a potential transaction. Bio. January 6, 2021 12:28 pm. David Jagielski. Feb. 04, 2021 4:36 PM ET Sundial Growers Inc. (SNDL) ACB HEXO 117 Comments 24 Likes. @themotleyfool #stocks $SNDL $ACB $HMLSF $TLRY $APHA $ZBISF, Why Sundial Growers Stock Plunged 15% in March. The company’s stock price has collected 123.12% of gains in the last five trading sessions. Aurora was in talks with Aphria in the past about merging, and although that fell through, it could be looking for another suitor. But with 2021 looking challenging for the economy as the COVID-19 pandemic continues to create uncertainty, there could be more consolidation to come this year, especially if the markets crash and it gets more difficult for cannabis companies to raise money. Sundial Growers … According to reports of the possible merger , the two companies view such as a … Sundial Growers Inc. [NASDAQ: SNDL] closed the trading session at $0.47 on 12/10/20. However, that's just one example, and there could be other options out there, especially since an acquisition could be a quick way for a cannabis company to bolster its sales numbers and increase market share, potentially making it look more attractive to investors. Jazz Pharmaceuticals has agreed to acquire GW Pharmaceuticals, maker of the first epilepsy drug derived from marijuana, for $7.2 billion in … Sundial Growers Inc. (NASDAQ:SNDL) went down by -5.98% from its latest closing price compared to the recent 1-year high of $4.02. Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Cumulative Growth of a $10,000 Investment in Stock Advisor, Is Sundial Growers Planning a Splashy Deal? And Sundial’s board of directors had authorized management and its external advisors to consider a broader range of strategic alternatives, including a potential sale of the company or a merger. Nonetheless, there’s good reason for … Suite 200, 919 - 11 Avenue SW , Now, rumor has it that Canopy Growth (NASDAQ: CGC) and Sundial will do the same. As of Sept. 30, 2020, the company reported cash and cash equivalents of just CA$4.8 million, and so liquidity is a clear concern for Zenabis. Calgary, Alberta T2R 1P3 The recent merger involving pot giants Tilray and Aphria is one of the largest deals that the industry has seen in a while. Cannabis company Zenabis Global Inc. (TSX: ZENA) is poised to merge with an undisclosed licensed cannabis producer. The recent merger involving pot giants Tilray and Aphria is one of the largest deals that the industry has … When Will Pot Stock Sundial Growers Be Profitable? Over the nine-month period ending Sept. 30, 2020, Sundial reported net revenue of CA$47.1 million. Investors have been eagerly piling into Tilray since the merger with Aphria was announced, and now one analyst suggests Sundial Growers could make an acquisition. Sundial cannabis is cultivated for three reasons: Heal, Help and Play. Sundial Growers Sold Bad Pot to Zenabis, Here's What You Need … Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. The New and Improved Sundial Growers Inc. The company avoided spending its stockpile of cash on a potentially bad acquisition. Stock analysis for Sundial Growers Inc (SNDL:NASDAQ CM) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Zenabis says that prior to Sundial's investment, it was in discussions with its lender to get an extension on its CA$7 million debt repayment. Will Sundial Growers' $800 Million Bet Pay Off? That bodes well for Sundial Growers. Market data powered by FactSet and Web Financial Group. Brokered Private Placement Offering of $11,000,000 in Common Shares Plus $11,000,000 Term Loan FacilityCALGARY, Alberta and LONDON, Ontario, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Sundial Growers … (403) 948-5227 Zenabis’ announcement in a Wednesday morning news release also included a swipe at competing producer Sundial Growers Inc., which made a “strategic investment” to buy the senior secured debt of Zenabis subsidiary Zenabis Investments Ltd. on Dec. 30.. One company that's been interested in some M&A activity is Aurora Cannabis. 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