Inside One Cannabis Company's Aggressive Loan-To-Own Strategy To Control Distressed Industry Players
Portfolio Pulse from Javier Hasse
SNDL Inc (NASDAQ:SNDL) is employing an aggressive loan-to-own strategy to control distressed cannabis companies. By acquiring secured debt and pressuring companies into bankruptcy, SNDL gains ownership of their assets. Recent actions include acquiring $20.7 million of Delta 9's secured debt, increasing leverage over Delta 9. This strategy has been successful with other companies like Skymint and Parallel, positioning SNDL as a dominant force in the cannabis industry.
July 15, 2024 | 8:47 pm
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SNDL Inc is leveraging its loan-to-own strategy to acquire distressed cannabis companies' assets, recently increasing its leverage over Delta 9 by acquiring $20.7 million of its secured debt.
SNDL's acquisition of Delta 9's secured debt and its broader loan-to-own strategy are likely to positively impact its stock price in the short term. This aggressive expansion approach demonstrates SNDL's ability to grow its influence and control within the cannabis industry.
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