Sundial Growers Inc. (“Sundial” or the “Company”) is pleased to announce that it has entered into a $30 million credit facility (“Credit Facility”) with the Bank of Montreal (“BMO”). The Credit Facility closed on February 22, 2019.
The BMO Credit Facility will enable Sundial to finance its European initiatives, accelerate the company’s Help and Play opportunity areas and satisfy general working capital requirements in Canada. The Credit Facility also strengthens Sundial’s balance sheet and reduces the company’s cost of capital.
“The partnership with BMO, one of Canada’s leading banks, demonstrates their confidence in what Sundial is accomplishing,” said Torsten Kuenzlen, CEO of Sundial. “This will enable us to continue our global expansion and support our purpose of proudly crafting pioneering cannabis brands to Heal Help PlayTM.”
For more information about Sundial, visit www.sundialcannabis.com and follow us on Twitter @sundialcannabis and Instagram @SundialCannabis.
Sundial Growers (Nasdaq: SNDL) (“Sundial”) announced today that it will release its second quarter financial results ended June 30, 2020 after market close on August 13, 2020.Read More
Sundial today announced that it will participate in a virtual event as part of Alliance Global Partners’ series ‘The Cannabis Chronicles’.Read More
Sundial Announces Successful Amendments with Senior Lenders, US$18 Million Convertible Notes Issuance and Close of Bridge Farm Sale.Read More