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Ownwallstreet

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Ownwallstreet

Re: jakec21 post# 1934

Monday, 12/21/2020 3:38:00 PM

Monday, December 21, 2020 3:38:00 PM

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$SNDL this caught my eyes

Now what
Sundial has roughly CA$62 million in cash reserves on its now pristine balance sheet. Additionally, its debt repayments will save it CA$3.6 million in annual interest expense. Both of these factors could help to make Sundial a more attractive acquisition target for larger cannabis companies.

Sundial has reportedly been seeking a deal, and it said on Monday that prepaying its credit facility removed all restrictions on its "ability to pursue strategic opportunities."

DISCLAIMER: MY POSTS ARE STRICTLY MY OPINION, AND ANY OPINION
PROVIDED DOES NOT CONSTITUTE A BUY,SELL, OR HOLD RECOMMENDATION OR DECISION.

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