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AMC - Sundial Growers' Cash War Chest And Its Bid To Avoid Another Dilution
AMC Entertainment Holdings Inc. Class A
Sundial has structured its business operations around the sale and production of cannabis as well as investments.
Sundial's decrease in revenue by $10.6 million or 22.13% from December 2020 prompted the company to add other revenue sources including the Alcanna acquisition.
In our calculations, Sundial has been using $153.67 million every quarter translating to a monthly burn rate of $51.22 million.
Overall, monthly retail sales of legal cannabis as of November 2021 grossed more than CAD353 million in Canada.