(Total Views: 601)
Posted On: 02/19/2021 12:11:43 AM
Post# of 46
$SNDL From ya-h00: I emailed SNDL Corporate.
I got a response. And this is what I received below. I figured I would share.
Hi Kenny,
Thanks for your email. As publicly disclosed, we continue to review strategic alternatives to enhance shareholder value. Sundial has not currently identified the need to access the shelf offering, however it is available as a source of capital over the next 3 years should accretive opportunities arise. We currently have a significant cash reserve on hand to provide operational stability and flexibility along with the ability to review and execute strategic investments as the Company continues on the path to sustainable profitability. Sundial intends to use the proceeds, if any, from this offering for the financing of possible acquisitions of, or investments in, equipment, facilities, assets, equity or debt of other businesses, products or technologies and for working capital and general corporate purposes. We have no announcement of any specific use of any potential net proceeds at this time. We are working hard with complete focus on providing long-term shareholder value.
Thanks again for your email.
Sophie
Original Message
From: Kenny “Kkkaufman7
Sent: February 18, 2021 3:51 PM
To: Sophie Pilon
Subject: Please reverse the shelf
I got a response. And this is what I received below. I figured I would share.
Hi Kenny,
Thanks for your email. As publicly disclosed, we continue to review strategic alternatives to enhance shareholder value. Sundial has not currently identified the need to access the shelf offering, however it is available as a source of capital over the next 3 years should accretive opportunities arise. We currently have a significant cash reserve on hand to provide operational stability and flexibility along with the ability to review and execute strategic investments as the Company continues on the path to sustainable profitability. Sundial intends to use the proceeds, if any, from this offering for the financing of possible acquisitions of, or investments in, equipment, facilities, assets, equity or debt of other businesses, products or technologies and for working capital and general corporate purposes. We have no announcement of any specific use of any potential net proceeds at this time. We are working hard with complete focus on providing long-term shareholder value.
Thanks again for your email.
Sophie
Original Message
From: Kenny “Kkkaufman7
Sent: February 18, 2021 3:51 PM
To: Sophie Pilon
Subject: Please reverse the shelf
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$MJ
