Sundial Growers lenders extend waivers, deadlines to June 5

By Sarah Lizee

Olympia, Wash., June 2 – Sundial Growers Inc.’s senior lenders have amended the terms of the waivers and agreements extending the required completion of defined milestones to June 5, according to a press release.

Sundial said it is in continuing discussions with lenders to restructure its credit agreements to strengthen the company's overall financial flexibility and capital structure.

As previously reported, the company received waivers and agreements related to defaults under its existing credit agreements on March 30, subject to completion of certain defined milestones by April 15. The deadline for those milestones was subsequently extended to April 30, to May 11 and to May 14.

Sundial is a cannabis company based in Calgary, Alta.

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