Benzinga | Jul 7, 2021 07:04AM EDT

Sundial Increases Commitment To SunStream Bancorp Inc. JV By $350M

Sundial Growers Inc. (NASDAQ:SNDL) ("Sundial" or the "Company") announced that it has increased its commitment to SunStream Bancorp Inc. ("SunStream") to $538 million from its previously announced commitment of $188 million. All amounts are in Canadian dollars, unless otherwise stated.

SunStream is a joint venture between Sundial and the SAF Group that leverages 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.