Saturday, October 25, 2025

Latest

Sundial Growers Begins Unloading Shares Of Indiva

By all accounts, it appears that Sundial Growers (NASDAQ: SNDL) has a rather loose strategy when it comes to its Canadian cannabis investments. The company this morning filed that it has begun selling its stake in Indiva Limited (TSXV: NDVA) after roughly seven months.

The company revealed this morning that it had begun selling a portion of its stake in the Canadian edibles manufacturer back on September 3. Little detail was provided on exactly why the company had a change of heart in its investment, electing to simply say that they were “sold for investment purposes.”

In total, the company sold 2.3 million common shares of its issuer, dropping its ownership in the company by 2.99%. The firm as a result now holds a 15.59% stake in the company.

In terms of a return, the company made mild gains on the sale. After having acquired a total of 25.0 million common shares for $0.44 per share back in February, the company indicated that the shares were sold at a $0.048 gain per share, bringing in total consideration of $1.1 million from the sale.

Sundial Growers last traded at $0.69 on the Nasdaq.


Information for this briefing was found via Sedar and the companies mentioned. 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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Sundial Growers Regains Nasdaq Compliance

Sundial Growers (NASDAQ: SNDL) has gone against all odds, and done something that was unexpected...

Wednesday, February 17, 2021, 07:12:51 AM

Sundial Disposes of Bridge Farm UK Asset

Sundial Growers (NASDAQ: SNDL) this morning announced the “sale” of its Bridge Farm UK asset,...

Friday, May 15, 2020, 09:33:32 AM

Sundial Growers Again Delays Q4 Results, Plans To Part With Auditor

Sundial Growers (NASDAQ: SNDL) has again delayed the release of their financial results. The company...

Thursday, April 14, 2022, 08:30:57 AM

Indiva Posts Net Q3 Revenues Of $3.0 Million, Loss Of $3.6 Million

Indiva Limited (TSXV: NDVA) this morning reported its third quarter financial results, posting revenues of...

Thursday, November 26, 2020, 07:54:42 AM

Sundial Growers To Acquire Inner Spirit Holdings For $131 Million

Sundial Growers Inc. (NASDAQ: SNDL) announced today that it has entered into an agreement with...

Wednesday, May 5, 2021, 07:51:08 AM