CALGARY, Aug. 12, 2019 /CNW/ - Sundial Growers Inc.
(Nasdaq: SNDL) ("Sundial" or the "Company") is pleased to announce
that it has received amendments to its Standard Cultivation and
Standard Processing licences from Health Canada for an additional
115,000 square feet of cannabis cultivation at its flagship
facility in Olds, Alberta. The
newly licensed space includes 34 additional purpose-built modular
rooms for the cultivation of premium cannabis, almost doubling the
total number of flowering rooms to 74 in Olds.
"Our master growers and expert staff have successfully completed
more than 150 harvests. We are very excited about the premium
quality and industry leading yields our state-of-the-art facility
in Olds is producing," said
Torsten Kuenzlen, Chief Executive Officer of Sundial. "The
additional flowering rooms will further accelerate our production
capacity, allowing us to expand into more provinces and provide our
high-quality cannabis to a wider consumer base."
Once fully constructed, licensed and operational, the
Olds facility will comprise
approximately 450,000 square feet, including 114 revenue-generating
flowering rooms. Combined, Sundial's facilities in Olds and Rocky
View, Alberta, have already
produced over 15,000 kgs of small-batch cannabis to date. Sundial's
third Canadian site, which is under construction in Merritt, British Columbia, is scheduled to be
operational in the first quarter of 2020.
Sundial also obtained a Standard Processing Licence from Health
Canada. This new licence permits the Company to produce all current
and anticipated new product formats, which will be legalized on
October 17, 2019. The Standard
Processing Licence is an important step towards bringing these
additional product formats to market.
For more information about Sundial, visit www.sndlgroup.com and
follow us on Twitter @SundialCannabis, Instagram @SundialCannabis,
LinkedIn @SundialCannabis and Facebook @SundialCommunity.
About Sundial Growers Inc.
Sundial proudly crafts pioneering cannabis brands to Heal, Help
and PlayTM:
- Heal - cannabis products used as prescription medicine
- Help - cannabis products that strive to promote health and
wellness through CBD
- Play - cannabis products to enhance social, spiritual and
recreational occasions
Sundial has facilities in Canada and the United Kingdom and provides quality and
consistent products consumers can trust.
In Canada, we grow
'craft-at-scale' cannabis using purpose-built modular facilities
and award-winning genetics. Sundial's flagship production facility
is located in Olds, Alberta with a
second facility in Rocky View,
Alberta. We have commenced
construction of our next purpose-built facility in Merritt, British Columbia.
In the United Kingdom, we grow
high-quality traceable plants, including hemp, ornamental flowers
and edible herbs, in over 1.5 million square feet of
state-of-the-art environmentally friendly, indoor facilities.
Bridge Farm has three facilities in Spalding, with another
currently under construction.
We employ nearly 1,000 employees globally, full-time and
seasonal, bringing economic benefits to the local communities in
which we operate.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward looking
statements in this release includes, but is not limited to, the
potential expansion plans of the Company in Canada, and statements regarding the future
performance of the Company. Forward-looking statements are
frequently characterized by words such as "plan", "continue",
"expect", "project", "intend", "believe", "anticipate", "estimate",
"may", "will", "potential", "proposed" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
These statements are only predictions. Various assumptions were
used in drawing the conclusions or making the projections contained
in the forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Company is
under no obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable law.
SOURCE Sundial Growers