SunStream Bancorp Inc. announced on Friday that a receivership court order is allowing the sale of certain assets of Greenpeak Industries Inc. and certain affiliated entities doing business as Skymint to Skymint Acquisition Co., a newly formed designee entity of Tropics L.P.
Tropics is a limited partnership fully owned by an affiliate of Sunstream, a joint venture sponsored by SNDL Inc. (NASDAQ: SNDL).
Skymint Acquisition Co. will be a part of the Sunstream USA group of companies, a U.S. platform with one or more independent third-party investors that will be independently managed and governed.
SNDL CEO Zach George praised the move.
"This key milestone in Skymint's ongoing restructuring represents another successful navigation of a complex process," George said. "The Sale Order brings greater certainty, enables management at Skymint Acquisition Co. to focus on ...