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CanadaBis Capital Inc.: Canadabis Capital Inc. Announces Commercially Reasonable Efforts Marketed Prospectus Offering of Units up to $5 Million, Concurrent Private Placement, Share Swap and Refinancing of Mortgage Facilities


CanadaBis Capital Inc.: Canadabis Capital Inc. Announces Commercially Reasonable Efforts Marketed Prospectus Offering of Units up to $5 Million, Concurrent Private Placement, Share Swap and Refinancing of Mortgage Facilities
CanadaBis or the
Company ) is pleased to announce that it has filed with, and obtained a receipt for, a preliminary short form prospectus dated June 1, 2021 (the
Prospectus ) with respect to a marketed offering (the
Offering ) of units (the
Units ) of the Company for gross proceeds to the Company of up to $5,000,000 at a price to be determined in the context of the market. Each Unit will consist of one common share of the Company (a ....

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Sundial Growers : Reports First Quarter 2021 Financial and Operational Results


$15.7 million for the quarter.
Gross cannabis revenue was
$11.7 million, a decrease of 30% from the prior quarter.
Subsequent to the quarter end, announced an agreement to acquire Inner Spirit Holdings and Spiritleaf retail cannabis network.
We are pleased to announce Sundial s first-ever quarter with positive earnings from operations and adjusted EBITDA, said
Zach George, Chief Executive Officer of Sundial. This result reflects our continued efforts to build a platform targeting attractive capital deployment opportunities while we focus on the continued improvement of our cultivation practices in an immature and rapidly changing industry. The sustained decline in Canadian cannabis flower pricing has prompted Sundial to liquidate certain inventory in the first quarter and we are now limiting the offering of discount products in markets where we view the economics as neither attractive nor sustainable. We do not plan to pursue top line advancement without p ....

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