Calgary, AB (July 21, 2022) – Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") announced today that its 2022 annual and special meeting of shareholders (the “Meeting”) convened at 1 p.m. (MDT) has been adjourned to Monday July 25, 2022 at 8 a.m. (MDT), without any business being considered, due to a lack of quorum.
At the time the Meeting was adjourned, proxies had been submitted by shareholders representing 12.95% of the Company’s common shares outstanding and entitled to vote, which did not constitute the requisite 25% quorum pursuant to Sundial’s bylaws and the interim order granted by the Court of Queen’s Bench of Alberta in respect of the Meeting (the “Interim Order”). Based on the votes cast by proxy to date, all resolutions currently have the requisite levels of support from shareholders. The board of directors of Sundial believes that the approval of all matters set out in the Company’s management information circular dated June 21, 2022 (the “Information Circular”) is in the best interests of the Company and its shareholders.
Under the by-laws of the Company and the Interim Order, those shareholders who attend the Meeting on Monday July 25, 2022, in person or by proxy, shall constitute a quorum and the Meeting will proceed at that time. As such, the deadline for submission of proxies will not be extended. Proxies previously submitted with respect to the Meeting will be voted on all proposals at the adjourned Meeting unless properly revoked and shareholders who have previously submitted a proxy or otherwise voted need not take any action.
The details of the Meeting, including how to attend the Meeting, are set out in the Information Circular. The record date for the determination of shareholders entitled to vote at the Meeting remains June 21, 2022.
To participate online, please use the following information:
Meeting ID: 263 – 589 – 432
Registered Shareholder Number: Listed on your form of Proxy
SNDL Inc. (formerly known as Sundial Growers Inc.) (Nasdaq: SNDL) (“SNDL” or the “Company”) announced today that it will release its second quarter financial results ended June 30, 2022, after market close on Friday, August 12, 2022.Read More
Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") is pleased to announce all of the resolutions put to holders of common shares (the “Common Shares”) of the Company (the "Shareholders") at the reconvened annual and special meeting held virtually today (the "Meeting") were passed. At the Meeting, Shareholders approved: (i) fixing the number of directors of the Company at five members; (ii) electing each of Greg Mills, Zach George, Lori Ell, Bryan Pinney and Gregory Turnbull as directors of the Company for the ensuing year; and (iii) appointing Marcum LLP as the auditors of the Company for the ensuing year and authorizing the board of directors of the Company to set their remuneration.Read More
Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") announced today that its 2022 annual and special meeting of shareholders (the “Meeting”) convenedRead More