October 09, 2019

Sundial Responds to Baseless Class Action Lawsuits

We want to address erroneous media coverage regarding the class action lawsuits filed against our company alleging violations of the U.S. securities laws. While we cannot comment on specific customer relationships due to contractual confidentiality and normally would not respond to pending legal matters, we are compelled to issue this statement.

The lawsuits stem from a single online article, which erroneously described a since-resolved commercial dispute. All of our customer agreements include provisions to replace or return product under certain conditions. The amount of product returned was a fraction of the 554 kilograms erroneously quoted in the article. The return represented a minimal percentage of our total production to date, had no impact on our second quarter financial results and is expected to have a negligible impact on our third quarter earnings.

Sundial has always been compliant with Health Canada regulations in our world-class facilities, including the most recent inspection of our flagship facility in Olds, Alberta in September 2019. Sundial’s products and quality processes continue to follow Good Production Practices (GPP) in accordance with Health Canada standards. At no point have our facilities stopped producing and selling our high quality cannabis products.

Torsten Kuenzlen, CEO of Sundial says, “We strongly believe that Sundial did not mislead investors and disclosed all material information to investors in our IPO. We are therefore confident that the class action lawsuits filed against Sundial are completely without merit and intend to vigorously defend our company in these matters.”

We remain focused on what has made us successful: the sustainable growth of our business through a commitment to producing safe, innovative and high-quality products that consumers desire.

About Sundial Growers Inc.

Sundial proudly crafts pioneering cannabis brands to Heal, Help and Play^TM:

◦ Heal – cannabis products used as prescription medicine
◦ Help – cannabis products that strive to promote overall Health and wellness through CBD
◦ Play – cannabis products to enhance social, spiritual and recreational occasions

We have experience in the fast-moving consumer goods industry enabling us to not just grow the finest quality cannabis, but also create exceptional consumer and customer experiences.

To craft the best and most trusted cannabis, our team of legendary growers focus on quality and consistency. We are a ‘craft-at-scale’ licensed producer using purpose-built modular facilities and award-winning genetics.

We currently operate two locations in Alberta, including our flagship facility in Olds and another one in Rocky View, with plans to build a third facility in British Columbia.

Media Contact:
C: 1.403.815.7340
E: investors@sundialgrowers.com

Forward-Looking Information Cautionary Statement

This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward looking statements in this release includes, but is not limited to, the potential expansion plans of the Company in Canada, the Company's ability to provide uninterrupted supply to its customer, and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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Thursday, Sep 03, 2020

Sundial to Participate in Alliance Global Partners Virtual Event

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