Olds cannabis production facility now fully financed
An Alberta-based Health Canada-approved licensed producer of medical cannabis is expanding its operations into Olds.
Sundial Growers Inc. has announced an $11 million private debt financing arrangement that will fund the ongoing development of its flagship cannabis production facility in Olds. Officials say this mix of debt financing and private investor capital to date, will allow for Sundial to complete Phase 1 of the Olds facility.
In a release, Sundial’s Executive Chairman Ted Hellard says this funding will now accelerate the project’s development.
“This is a key milestone in our long-term strategy of becoming a leading licensed cannabis producer in Canada and we have an exceptional partner in the Town of Olds,” states Hellard.