May 04, 2021

Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103

CALGARY, AB (May 4, 2021) — Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) announced that it has acquired (the “Acquisition”) more than 10% of the issued outstanding common shares (“Common Shares”) of The Valens Company Inc. (“Valens”) (TSX: VLNS) (OTCQX: VLNCF).

On May 3, 2021, Sundial acquired 538,400 Common Shares at a price of $3.663 per Common Share (the “Transaction”) for total consideration of $1.972 million. Immediately before the completion of the Transaction, Sundial owned 15,501,800 Common Shares, representing approximately 9.7% of the issued and outstanding Common Shares on a non-diluted basis as at April 14, 2021. Following the completion of the Transaction, together with all previous acquisitions of Common Shares by Sundial, the Company now owns 16,040,200 Common Shares, representing approximately 10.1% of the issued and outstanding Common Shares on a non-diluted basis as at April 14, 2021. Sundial’s average cost base for the Common Shares, including those acquired in the Transaction, is $2.670 per Common Share.

The Company acquired the securities reported herein for investment purposes. The Company may, depending on market and other conditions, increase or decrease its beneficial ownership in Valens’ securities, whether in transactions over the open market, by privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

This news release is being issued to comply with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report regarding these transactions has been filed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com under Valens’ issuer profile and may be obtained directly from Sundial upon request at the telephone number below. Sundial’s head office is located at #300, 919 - 11th Avenue SW, Calgary, AB T2R 1P3. Valens’ head office address is 96 Spadina Avenue, Suite 400, Toronto, Ontario M5V 2J6.

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Tuesday, May 11, 2021

Sundial Reports First Quarter 2021 Financial and Operational Results

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Wednesday, May 05, 2021

Sundial Growers to Acquire Inner Spirit Holdings and Spiritleaf Retail Cannabis Network

Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial”) and Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF) (“Inner Spirit”) are pleased to announce that they have entered into an arrangement agreement (the “Agreement”) pursuant to which Sundial will acquire all of the issued and outstanding common shares of Inner Spirit for total consideration of approximately $131 million

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Tuesday, May 04, 2021

Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103

Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) announced that it has acquired (the “Acquisition”) more than 10% of the issued outstanding common shares (“Common Shares”) of The Valens Company Inc. (“Valens”) (TSX: VLNS) (OTCQX: VLNCF).

Read More
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