{"version":"1.0","provider_name":"Market Newsdesk","provider_url":"https:\/\/www.marketnewsdesk.com","author_name":"Newsdesk","author_url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/","title":"Sundial Announces Strategic Investment - Market Newsdesk","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"DgQOpzYBys\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sundial-announces-strategic-investment\/\">Sundial Announces Strategic Investment<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.marketnewsdesk.com\/index.php\/sundial-announces-strategic-investment\/embed\/#?secret=DgQOpzYBys\" width=\"600\" height=\"338\" title=\"&#8220;Sundial Announces Strategic Investment&#8221; &#8212; Market Newsdesk\" data-secret=\"DgQOpzYBys\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.marketnewsdesk.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"PR Newswire CALGARY, AB, Dec. 30, 2020 \/PRNewswire\/ &#8211; Sundial Growers Inc. (Nasdaq: SNDL) (&#8220;Sundial&#8221; or the &#8220;Company&#8221;) announced today that it has closed the acquisition of a special purpose vehicle (the &#8220;Investment&#8221;).\u00a0 Consideration for the Investment, totaling $58.9 million in cash, was funded from Sundial&#8217;s available cash reserves which totaled $110 million immediately prior to the closing of the Investment. All amounts are denominated in Canadian dollars unless otherwise noted. The special purpose vehicle\u00a0owns $58.9 million of aggregate principal amount of senior secured debt (the &#8220;Senior Loan&#8221;) of Zenabis Investments Ltd. (&#8220;Zenabis&#8221;), a subsidiary of Zenabis Global Inc. (the &#8220;Parent&#8221;).\u00a0 The Senior Loan bears interest at a rate of 14% per annum and has a maturity date of March &hellip; Continue reading \"\"","thumbnail_url":"https:\/\/mma.prnewswire.com\/media\/1393010\/Sundial_Growers_Inc__Sundial_Announces_Strategic_Investment.jpg"}