SNDL Says SunStream USA Group Intends To Proceed With Acquisition Of Equity Positions In US Cannabis Assets
Portfolio Pulse from Benzinga Newsdesk
SNDL Inc. announced that its subsidiary, SunStream USA Group, plans to proceed with the acquisition of equity positions in US cannabis assets. This move signifies SNDL's strategic expansion into the US cannabis market.
May 02, 2024 | 11:23 am
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SNDL Inc. is expanding its footprint in the US cannabis market through its subsidiary's acquisition of equity positions in US cannabis assets.
The announcement of SunStream USA Group's intention to acquire equity positions in US cannabis assets is a positive development for SNDL Inc., indicating strategic growth and expansion into the lucrative US cannabis market. This move is likely to be viewed positively by investors, potentially leading to an increase in SNDL's stock price in the short term due to the anticipated expansion and growth opportunities in the US.
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