July 07, 2019

Sundial Announces Convertible Note Financing and Term Debt Facility for Total Proceeds of C$252.2 Million

Calgary, AB (July 8, 2019) – Sundial Growers Inc. (“Sundial”) is pleased to announce that it has closed two significant finance transactions over the past quarter.

The first is a private placement of unsecured convertible notes (the “Notes”) for gross proceeds of C$92.6 million. The Notes accrue interest in kind and will mature in five years, unless earlier converted.

The second is a four-year term debt facility with an initial tranche of C$115 million and a second tranche of C$44.6 million to be available on the fulfilment of certain predefined conditions precedent.

“These transactions facilitate Sundial’s strategic plans for facility construction, debt repayment, accretive acquisitions and general corporate purposes,” said Torsten Kuenzlen, Chief Executive Officer of Sundial. “The proceeds, a portion of which has already been used, enable Sundial to continue our ambitious strategic growth plan and support our purpose of proudly crafting pioneering cannabis brands to Heal, Help and PlayTM.”

For more information about Sundial, visit www.sundialcannabis.com and follow us on Twitter @SundialCannabis and Instagram @SundialCannabis.

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Thursday, Jul 30, 2020

Sundial Growers to Announce Second Quarter 2020 Financial Results on August 13, 2020

Sundial Growers (Nasdaq: SNDL) (“Sundial”) announced today that it will release its second quarter financial results ended June 30, 2020 after market close on August 13, 2020.

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Thursday, Jun 18, 2020

Sundial to Participate in Alliance Global Partners Virtual Event

Sundial today announced that it will participate in a virtual event as part of Alliance Global Partners’ series ‘The Cannabis Chronicles’.

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Monday, Jun 08, 2020

Sundial Announces Successful Amendments with Senior Lenders

Sundial Announces Successful Amendments with Senior Lenders, US$18 Million Convertible Notes Issuance and Close of Bridge Farm Sale.

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