trending Market Intelligence /marketintelligence/en/news-insights/trending/n3Rtf5uDBafAEe3Hmwb-TA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Cannabis company Sundial Growers closes $143M Nasdaq IPO

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Cannabis company Sundial Growers closes $143M Nasdaq IPO

Cannabis producer Sundial Growers Inc. closed its planned IPO on the Nasdaq Global Select Market, raising gross proceeds of $143 million.

The Calgary, Alberta-based company issued 11 million common shares at $13 apiece. Underwriters have an option to buy up to an additional 1,650,000 shares.

The company's shares started trading on the Nasdaq Global Select Market under the SNDL symbol on Aug. 1.

Sundial plans to use the net proceeds to complete the construction, expansion and transition of its cultivation and processing facilities. A portion of the funds will also be used for the company's capital expenditures to maintain its productive capacity, future acquisitions and for general corporate purposes.

Cowen, BMO Capital Markets and RBC Capital Markets served as joint book-running managers. Barclays and CIBC Capital Markets acted as book runners, with Scotiabank as co-manager for the IPO.