Sundial Growers Announces US$150 Million At The Market Financing

Sundial Growers (NASDAQ: SNDL) is looking to take advantage of the absolutely wild volume that the equity has seen over the last several days by conducting an at the market financing. Tucked within the announcement that the company has filed a new shelf registration statement this morning, the company announced that it will be conducted a US$150 million ATM financing.

Proceeds from the financing will be used to “continue to retire its indebtedness,” and for the financing of possible acquisitions. The company also named potential uses for the funds as investments in other businesses, products, facilities, equipment or technologies, as well as the standard working capital and general corporate purposes.

While the registration statement has been filed with the SEC, it has yet to become effective, meaning shares cannot yet be sold under the ATM program. Securities are expected to be sold once the registration statement becomes effective. A timeline for this was not provided.

Sundial Growers last traded at $0.77 on the Nasdaq.


Information for this briefing was found via Sedar and Sundial Growers. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Gold is Up 30%, But the Real Bull Market is Only Starting Now! | Adrian Day

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Sundial Growers Retakes 10% Ownership In Valens Company

Sundial Growers (NASDAQ: SNDL) evidently remains bullish on The Valens Company (TSX: VLNS). The firm,...

Tuesday, September 21, 2021, 08:45:11 AM

Sundial: SNDL Growers’ Wild Ride

SNDL is a NASDAQ-listed stock, printed by the treasury of a company (Sundial Growers) that...

Thursday, February 11, 2021, 11:45:00 AM

Sundial Growers Issues Response to Report of Zenabis Returning 554 Kilos of Cannabis

Sundial Growers Inc (NASDAQ: SNDL) quietly issued a response this morning to a report made...

Monday, August 19, 2019, 10:37:13 AM

Sundial Growers Acquires $58.9 Million In Outstanding Senior Secured Debt Owed By Zenabis Global

It appears that Sundial Growers (NASDAQ: SNDL) is interested in that of Zenabis Global (TSX:...

Wednesday, December 30, 2020, 07:39:23 AM

Organigram Announces $49.0 Million At-The-Market Program

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced a new at-the-market program to help...

Wednesday, April 22, 2020, 08:26:10 AM