February 19, 2021

Sundial Announces Issuance of New Warrants and US$89.1 Million Proceeds from Warrant Exercises

Calgary, AB (February 19, 2021) – Sundial Growers Inc. (NASDAQ: SNDL) (”Sundial” or the “Company”) announced today that holders (the “Holders”) of 98,333,334 warrants (the “Warrants”) to purchase common shares (the “Common Shares”) of the Company will exercise for cash their Warrants at prices of US$0.80 and US$1.10 for gross proceeds to Sundial of US$89.1 million.

In exchange, the Company will issue 98,333,334 warrants (the “New Warrants”), each entitling the Holders to purchase one Common Share at an exercise price of US$1.50, subject to customary anti-dilution adjustments. Sundial has granted the Holders rights to have the Common Shares issuable upon exercise of the New Warrants registered pursuant to a registration statement (the “Registration Statement”) to be filed with the SEC. The New Warrants are immediately exercisable and have a term of 42 months from the effective date of the Registration Statement.

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Tuesday, May 11, 2021

Sundial Reports First Quarter 2021 Financial and Operational Results

CALGARY, AB (May 11, 2021) — Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) reported its financial and operational results for the first quarter ended March 31, 2021. All financial information in this press release is reported in millions of Canadian dollars and represents results from continuing operations, unless otherwise indicated.

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Wednesday, May 05, 2021

Sundial Growers to Acquire Inner Spirit Holdings and Spiritleaf Retail Cannabis Network

Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial”) and Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF) (“Inner Spirit”) are pleased to announce that they have entered into an arrangement agreement (the “Agreement”) pursuant to which Sundial will acquire all of the issued and outstanding common shares of Inner Spirit for total consideration of approximately $131 million

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Tuesday, May 04, 2021

Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103

Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) announced that it has acquired (the “Acquisition”) more than 10% of the issued outstanding common shares (“Common Shares”) of The Valens Company Inc. (“Valens”) (TSX: VLNS) (OTCQX: VLNCF).

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