CALGARY, AB, Feb 2, 2021 / PRNewswire / – Sundial Growers Inc (Nasdaq: SNDL) (“Sundial” or the “Company”) announced today that the company has announced a best effort offer for $ 60500000 Series A shares, each consisting of one common share and one-half Series A warrant, each valued at a whole series A warrant that allows the holder to purchase one common share and 14000000 Series B Shares (and together with the Series B Shares, the “Shares”) each consisting of a pre-funded Series B Warrant (together with the Series A Warrants) the “Warrants”) to purchase one common share and one-half Series A warrant, with each whole Series A warrant entitling the holder to purchase one common share. Each Series A unit will be sold at a price of $ 1.00 per Series A- Unit and each Series B Unit are sold at a price of US $ 1.00 per Series B Unit, minus US $ 00001, and the remaining exercise price for each Series B Warrant is $ 0.000001 per common share that warrants are available immediately upon issue and have a term of five years starting on the date of issue.Only full warrants can be exercised.The exercise price of the Series A warrants is USD 110 per common share.All securities in the offer will be sold by Sundial.The gross proceeds of Sundial from the offer are expected approx $ 74 is $ 5 million before subscription discounts and estimated offering costs Completed on February 25, 2021 under customary closing conditions Shelf registration declaration declared effective January 2021 fully used

The offer is being made only by means of a prospectus addendum and associated prospectus filed as part of an effective shelf registration statement filed with the SEC on Form F-3 and filed on Jan. Effective January 2, 2021, and an additional registration statement filed on Form F-3 under Rule 462 (b), filed January 2, 2021 A prospectus addendum to the Offering is being filed with the SEC and is available on the SEC’s website at www.sekGovernment Copies of the prospectus addendum, if available, are available from Canaccord Genuity LLC, Attention: Syndicate Department, 99 High Street, 12 Stock, Boston, MA 02110, or by email at [email protected] This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will any sale of these securities be made in any state or jurisdiction in which such offer, solicitation or sale is prior to registration or qualification in accordance with the law would be illegal in the securities laws of such state or jurisdiction

Sundial is a public company with common stock traded on the Nasdaq under the symbol “SNDL”

Sundial is a licensed manufacturer that produces cannabis in state-of-the-art interiors. Our modular “craft-at-scale” growing method, award-winning genetics and experienced master growers set us apart

Our Canadian operations grow cannabis in small quantities using a custom “space” approach with a total area of ​​448000 square feet at

Sundial’s portfolio of brands includes Top Leaf, Sundial Cannabis, Palmetto, and Grasslands. Our consumer product experience enables us not only to grow high quality cannabis, but to create exceptional consumer and customer experiences

We’re proud to be Albertan, with headquarters in Calgary, AB, and offices in Olds, AB and Rocky View County, AB

Forward-Looking Information Cautionary Notice This press release contains statements that contain certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”) including, but not limited to, statements regarding the completion of the offering and the anticipated gross proceeds from the forward-looking offer Statements are often identified by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “likely”, “outlook” , “Forecast,” “may,” “will,” “potentially,” “suggested” and other similar words or statements that certain events or conditions “may” or “will” occur. These statements are predictions only Various assumptions have been made In order to reach conclusions or to make the forward-looking statements contained in the forward-looking statements in this press release, forward-looking statements are based on the opinions and estimates of management at the time the statements were made and are subject to a number of risks and uncertainties and other factors that could lead to the future that actual events or results may differ materially from those projected in the future looking statements Please note the risk factors specified in the company’s filing with the US Securities and Exchange Commission, including that set out in the company’s annual report on Form 20-F, to discuss material risks that could cause actual results to differ materially from the forward-looking information. The company undertakes no obligation and expressly disclaims any intent or any obligation to update or revise any forward-looking statements as a result of new information, future events or for other reasons, unless expressly required by law

SNDL, Sundial Growers

World News – United States – Sundial Growers Announces $ 745 Million Registered Listings and Full Use of Shelf Registration Statement

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