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Canadian Giant SNDL Speeds Up Acquisition Of Majority Positions In Two US Cannabis Companies As Marijuana Rescheduling Looms

Benzinga ·  May 2 13:24

SNDL Inc.(NASDAQ:SNDL), through its joint venture withSunStream Bancorp Inc., announced on Thursday that SunStream USA group of companies will proceed with the process ofacquiring equity positions in U.S. cannabis assets,following the completion of a review by SNDL's listing authority, NASDAQ.

SunStream USA I, LLCandSunStream USA II, LLCare among the entities that comprise the SunStream USA Group, with each entity including one or more third-party investors, all independently managed and governed.

What Happened

The Calgary, Alberta-based company said on Thursday that SNDL's affiliate, SunStream Opportunities II LP, is...

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