- Simply Solventless Concentrates (SSC) and Dash Capital said SSC is acquiring a 33K square foot licensed cultivation and processing facility located in Rocky View County, Alberta from Sundial Growers (NASDAQ:SNDL -3.1%).
- The transaction comprises of C$1.5M cash and C$3.5M mortgage in favor of Sundial.
- SSC will terminate a license agreement, under which its products are currently manufactured at the facility, upon closing of the transaction.
- The deal is expected to close in late Q4 2021 or Q1 2022, following receipt of SSC's Health Canada licenses.