Press release
Sundial Announces Extension of Alcanna Arrangement Agreement Outside Date
CALGARY, AB, Feb. 25, 2022 /PRNewswire/ - Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") today announced that by mutual agreement with
About this update from Sndl Inc.
[{"type":"text","content":"CALGARY, AB, Feb. 25, 2022 /PRNewswire/ - Sundial Growers Inc. (Nasdaq: SNDL) (\"Sundial\" or the \"Company\") today announced that by mutual agreement with Alcanna Inc. (\"Alcanna\"), they are extending the outside date for closing the transaction (the \"Arrangement\") contemplated under the arrangement agreement between Sundial and Alcanna dated October 7, 2021, and amended on January 6, 2022 (the \"Arrangement Agreement\"), to March 30, 2022 in accordance with terms of the Arrangement Agreement.\n\n \n \n \n \n \n \n\n \nSundial and Alcanna agreed to extend the outside date to complete the required closing matters contemplated by the Arrangement Agreement. The parties expect that the Arrangement will close on or before the March 30, 2022. \nABOUT SUNDIAL GROWERS INC. \nSundial is a public company whose shares are traded on Nasdaq under the symbol \"SNDL\". Its business is reported and analyzed under three operating segments: Cannabis Operations, Cannabis Retail, and Investment Operations. \nAs a licensed producer that crafts small-batch cannabis using state-of-the-art indoor facilities, Sundial's 'craft-at-scale' modular growing approach, award-winning genetics, and experienced growers set us apart. Sundial's brand portfolio includes Top Leaf, Sundial Cannabis, Palmetto, and Grasslands. Sundial also operates the Spiritleaf retail banner. Spiritleaf aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products. \nSundial's investment operations seek to deploy strategic capital through direct and indirect investments and partnerships throughout the global cannabis industry. \nSundial is proudly Albertan, headquartered in Calgary, AB, with operations in Olds and Rocky View County, Alberta, Canada. For more information on Sundial, please go to www.sndlgroup.com.\nForward-Looking Information \nThis news release contains forward-looking statements or information (collectively \"forward-looking statements\") within the meaning of applicable securities legislation, relating to, among other things, the completion and timing of the Arrangement; the ability of the parties to satisfy all of the closing conditions and the anticipated timing for closing of the Arrangement; and the anticipated timing thereof. Forward-looking statements are typica...