Calgary, AB (November 28, 2019) – Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial”) and Greg Mills, Chair of the Board, are pleased to announce that Zachary George has been appointed to the Board of Directors (“Board”), effective November 27, 2019. Mr. George will also be the Chair of the newly formed Operations and Capital Committee of the Board.
“We are excited to welcome Zach as a new director to Sundial’s Board,” said Ted Hellard, Executive Chairman of Sundial. “Zach complements our Board’s skills and experiences and we are confident he will provide valuable perspectives as we continue to execute our strategy and enhance value for Sundial shareholders.”
Mr. George brings a wealth of experience to Sundial having spent more than 15 years evaluating catalyst-based investment opportunities across the capital structure of North American companies with a focus on real assets. Mr. George has worked in a management capacity, including as a Chief Executive Officer with numerous corporate boards to turn around operations, effect corporate action and implement governance policies in order to maximize shareholder value.
Mr. George co-founded the alternative investment platform FrontFour Capital Group LLC and currently serves as a trustee and director on the boards of Cominar REIT and Trez Capital Junior MIC. He previously served as the Chairman of the boards of FAM REIT and Huntingdon Capital Corp., as the lead independent director of both Cornell Companies Inc. and PW Eagle Inc., and on the boards of Allied Defense Group Inc. and IAT Air Cargo Facilities Income Fund.
“Zach joins Sundial at an exciting time as we continue to optimally organize for success,” added Torsten Kuenzlen, CEO of Sundial. “Zach’s capabilities and track record of value creation will further strengthen Sundial’s position as a leading international cannabis company. We look forward to working with Zach as we continue to build Sundial as a leader in the industry.”
Sundial’s Board regularly evaluates its composition to ensure it includes the appropriate mix of skills, experience and perspectives necessary to drive growth for all Sundial shareholders. The Board is now composed of seven directors.
Sundial is pleased to announce it has reached an agreement to sell its U.K. asset, Bridge Farm Group to a consortia of private investorsRead More
Sundial reported its financial and operational results for first quarter 2020 ended March 31, 2020Read More
Sundial's senior lenders are assessing potential terms for a credit agreement amendment, including covenant amendments, that would improve the Company’s flexibility under its covenants.Read More