CALGARY,
AB, July 18, 2022 /CNW/
- Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the
"Company") would like to remind shareholders that its upcoming
Annual and Special Meeting of shareholders (the "Meeting") will be
held on July 21, 2022, at
1 p.m. MDT (3
p.m. EDT).
In order to permit shareholders the maximum opportunity to have
their vote represented at the Meeting, the deadline for the
submission of proxies (the "Proxy") or revocations of a previously
submitted Proxy will be extended to 12 p.m.
MDT on July 21, 2022.
Shareholders are encouraged to vote as soon as possible by Proxy in
advance of the Meeting by one of the methods described in the form
of Proxy and management information circular (the "Circular").
Additional instructions may be found in Sundial's Proxy and
Circular on www.sndlgroup.com in the Investor section and on
SEDAR and EDGAR.
Based on the current status of votes cast, all resolutions have
supermajority support from shareholders, but a quorum has not yet
been reached. If a quorum is not reached, Sundial must adjourn the
meeting after setting the date and time for a second meeting.
If a quorum is not present at the adjourned meeting, the
shareholders in attendance at the adjourned meeting shall
constitute a quorum. This delay will result in additional,
otherwise unnecessary, expenses.
"It is common for companies with large retail investor ownership
to experience low voter turnout, but this doesn't need to be
absolute," said Zach George, Chief
Executive Officer of Sundial. "We thank those who have exercised
their shareholder rights and encourage the balance of our
shareholders to actively participate in the Company's governance by
voting their shares."
All shareholders will have the opportunity to participate in the
Meeting online. Only registered shareholders and duly appointed
proxyholders can vote in real-time at the Meeting. Shareholders who
hold their common shares with a bank, broker, or other financial
intermediary and wish to vote at the Meeting must carefully follow
the instructions provided by their intermediary.
To participate online, please use the following
information:
Link: https://web.lumiagm.com/263589432
Meeting ID: 263 – 589 – 432
Password: sundial2022
Registered Shareholder Number: Listed on your form of
Proxy
About Sundial Growers
Inc.
Sundial is a public company whose shares are traded on Nasdaq
under the symbol "SNDL." Its business is operated and reported in
four segments: Cannabis Production and Cultivation, Cannabis
Retail, Liquor Retail, and Investments.
Sundial is the largest private sector cannabis and liquor
retailer in Canada. The Company's
retail banners include Spiritleaf, Value Buds, Wine and Beyond,
Liquor Depot, and Ace Liquor. As a licensed producer that crafts
small-batch cannabis using state-of-the-art indoor facilities,
Sundial's 'craft-at-scale' modular growing approach, award-winning
genetics, and experienced growers set us apart. Sundial's brand
portfolio includes Top Leaf, Sundial Cannabis, Palmetto, Spiritleaf
Selects, and Grasslands. Sundial's investment portfolio seeks to
deploy strategic capital through direct and indirect investments
and partnerships throughout the global cannabis industry.
For more information on Sundial, please go
to www.sndlgroup.com.
Forward-Looking
Statement
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). 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, including but not limited to assumptions with
respect to the potential Consolidation, 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.
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SOURCE Sundial Growers Inc.