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Sundial selling indiva shares but has loaned them money.
Sundial still owns 19% or so of Indiva according to simply wallst website, however its still selling shares of indiva. Today they sold 200,000
I don't know what to think of this, as a current shareholder. Sundial has been selling quite a few shares of Indiva last couple months or so.
|Securities||Nature of transaction||Volume or Value||Price|
|Oct 19/21||Oct 18/21||Sundial Growers Inc.||Direct Ownership||Common Shares||10 - Disposition in the public market||-200,000||$0.44|
After i posted last post, I noticed a news release on INdiva about Sundial selling shares, but I did know, by watching insider selling filings.
here it is. I closed my position of indiva. I figure it will dip and get moreshares later. If it doesnt, well plenty other bargains right now with huge potential. I ddnt plan on seieng shares but this news release, I am putting that money elsewhere for now.
Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial") today announced that between September 3, 2021 and October 19, 2021, Sundial disposed of 2,336,500 common shares ("Common Shares") in the capital of Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF) ("Indiva").
Between September 3, 2021 and October 19, 2021, Sundial disposed of 2,336,500 Common Shares of Indiva (the "Indiva Shares") through the facilities of TSX Venture Exchange (the "TSXV") at an average price of $0.488 per Indiva Share for a total consideration of $1,141,336. Prior to the dispositions, Sundial held 25,000,000 Common Shares of Indiva, representing approximately 18.58% of the then issued and outstanding Common Shares of Indiva on a non-diluted basis. As a result, following the completion of these dispositions, and together with Indiva's various issuances of Common Shares from treasury, Sundial has decreased its holdings in Indiva by 2.99%. Immediately following this disposition, Sundial now holds 22,663,500 Common Shares of Indiva representing 15.59% of Indiva's issued and outstanding Common Shares on a non-diluted basis.
The Indiva Shares were sold for investment purposes. Sundial may, depending on market and other conditions, increase or decrease its beneficial ownership in Indiva's securities, whether in transactions over the open market, by privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
This news release is being issued to comply with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report regarding these transactions has been filed on the System for Electronic Document Analysis and Retrieval (SEDAR) at http://www.sedar.com under Indiva's issuer profile and may be obtained directly from Sundial upon request at the telephone number below. Sundial's head office is located at #300, 919 - 11th Avenue SW, Calgary, AB T2R 1P3.
ABOUT SUNDIAL GROWERS INC.
Sundial is a public company with Common Shares traded on Nasdaq under the symbol "SNDL". Our business is reported and analyzed under two operating segments: one being Cannabis and the other being Investments.
As a licensed producer that crafts small-batch cannabis using state-of-the-art indoor facilities, our 'craft-at-scale' modular growing approach, award-winning genetics and experienced growers set us apart. Sundial's brand portfolio includesTop Leaf,Sundial Cannabis,PalmettoandGrasslands. Sundial also operates the Spiritleaf retail banner. Spiritleaf aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products.
Our investment operations seek to deploy strategic capital through direct and indirect investments and partnerships throughout the global cannabis industry.
We are proudly Albertan, headquartered in Calgary, AB, with operations inOlds and Rocky View County, Alberta, Canada. For more information on Sundial, please go to http://www.sndlgroup.com.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"), including, but not limited to, statements regarding the Sundial's potential further investment in or divestment of Common Shares of Indiva. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "likely", "outlook", "forecast", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements aremade andare subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Please see "Item 3D Risk Factors" in the Sundial's Annual Report on Form 20-F, which was filed with the Securities and Exchange Commission ("SEC") on March 17, 2021, and the risk factors included in our other SEC filings for a discussion of the material risk factors that could cause actual results to differ materially from the forward-looking information. Sundial is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
View original content to download multimedia: https://www.prnewswire.com/news-releases/sundial-files-early-warning-
@cannabis-investing Thanks for this. I am posting a new analysis on The Valens Company VLNCF Stock today. I am curious as to what Sundial is up to.
Like I mused in our Zoom talk the other week, Sundial is reminding me more and more of the company I work for...lie in wait...let others do the work...let others go through the trials and error...while they sit on their cash...then buy the established companies fitting whatever their vision is.
My Valens Company video goes up as soon as I fill in the meta description, so, about 30 minutes. This is a big part of that potential "vision" you muse about.
What I find interesting is that Valens has very mediocre numbers. So does Sundial. But, once you start combing all of these pieces, the entire play starts to look very interesting.
Just watched it before commenting. SOLID breakdown as usual. I think Sundial will outright take Valens over. It's fun watching this play out.
Sundial is also getting a lot attention from those AMC squeeze folks. Their belief is Gamestop, AMC, and Sundial will squeeze due to shorts having to cover at some point. If AMC does, they have made it clear they will make Sundial their next "play."
For those reasons I'm enjoying the Sundial soap opera. 🤣
Sundial has ended up my biggest position. I decided to knock off Decibel and Hollister Biosciences. I want at least 10,000 shares of each "penny" stock, and for me to do that these coming months, I had to cut loose a few.