Sundial Takes Over Zenabis Subsidiary In $59M Deal

Calgary, Alberta-based Sundial Growers Inc. (NASDAQ: SNDL) acquired acquired a special purposed vehicle that owns $58.9 million of Zenabis Global's senior secured debt.

The loan carries interest at a rate of 14% annually, with a maturity date of March 31, 2025. In addition, it's secured by Zenabis' assets as well as assets of its subsidiaries.

Under the deal, Zenabis agreed …

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