In the spirit of continuous optimization for efficiency and effectiveness, Sundial has made some organizational changes. This has resulted in the reduction of staff positions at our Alberta operations of less than 10 per cent of our workforce.
We are doing this partially in response to challenging industry conditions, largely because of regulatory delays that have resulted in fewer than anticipated stores across the country. This in turn has generated lower than expected sales for all players. The organizational changes will have no impact on the quality of our products.
As part of our commitment to long-term sustainable growth, it is important we remain agile in responding to the evolving cannabis market conditions by controlling costs to balance supply and demand.
We are proud of the hundreds of jobs that we have directly and indirectly created in Alberta.
Sundial today announced that it will participate in a virtual event as part of Alliance Global Partners’ series ‘The Cannabis Chronicles’.Read More
Sundial Announces Successful Amendments with Senior Lenders, US$18 Million Convertible Notes Issuance and Close of Bridge Farm Sale.Read More
Sundial continues discussions with its lenders to restructure its credit agreements to strengthen the Company’s overall financial flexibility and capital structure.Read More