SunStream USA to acquire majority equity positions in U.S. cannabis assets including Surterra Holdings, Inc. and Greenpeak Industries Inc.
Acquiring Company
SunStream USA
Acquired Company
Kyndryl
Calgary
New YorkFinancial ServicesInformation TechnologyFinancial ServicesEventsData CenterIT InfrastructureDescription
SunStream USA, through its joint venture in SunStream Bancorp Inc., is set to acquire majority equity positions in select assets of U.S. cannabis companies, including Surterra Holdings, Inc. (d/b/a Parallel) and Greenpeak Industries Inc. (d/b/a Skymint), as part of its strategic initiative to restructure non-performing credit investments in SunStream Opportunities LP. This acquisition is expected to provide attractive options for SunStream USA upon federal legalization to deploy additional investment capital.
Quick answer
SunStream USA is acquiring Kyndryl, announced May 2, 2024. SunStream USA is based in Calgary, Alberta, Canada.
- How much did SunStream USA pay for Kyndryl?
- The deal value was not disclosed.
- What does SunStream USA do?
- SunStream USA, through its joint venture in SunStream Bancorp Inc., is poised to acquire equity positions in U.S. cannabis assets.
- Where are SunStream USA and Kyndryl based?
- SunStream USA is based in Calgary, Alberta, Canada. Kyndryl is based in New York, New York, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Kyndryl?
Kyndryl was acquired by SunStream USA, based in Calgary. The deal was reported on May 2, 2024. SunStream USA, through its joint venture in SunStream Bancorp Inc., is poised to acquire equity positions in U.S. cannabis assets. SunStream USA is privately held and operates in Financial Services.
When did SunStream USA acquire Kyndryl?
SunStream USA's acquisition of Kyndryl was reported on May 2, 2024. SunStream USA, through its joint venture in SunStream Bancorp Inc., is set to acquire majority equity positions in select assets of U.S. cannabis companies, including Surterra Holdings, Inc. (d/b/a Parallel) and Greenpeak Industries Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Kyndryl do?
Kyndryl (NYSE: KD) is the world's largest IT infrastructure services provider, serving thousands of enterprise customers in more than 60 countries. It is publicly traded (KD), operating in Information Technology, and is based in New York.
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