CALGARY, AB, Nov. 9, 2020 /CNW/ - Sundial Growers Inc.
(NASDAQ: SNDL) ("Sundial" or the "Company"), is pleased to announce
that it has entered into a sales and distribution agreement (the
"Agreement") with local company Choklat Inc. ("Choklat"), a Health
Canada licensed chocolatier company focused on offering decadent
confections with high-quality flavour. The new collaboration
between the two Alberta-based
companies provides Sundial the opportunity to continue to expand
its product portfolio and enter the edible market.
As part of the contractual arrangement, Sundial and Choklat will
launch a cannabis-infused confectionary brand, offering a selection
of chocolate bars, drinking chocolate and infused sugar, all
containing 10 milligrams of THC, the highest amount legal to sell
in a single edible serving in Canada. Both companies expect to scale the
collaboration across the country with first product targeting to be
in-stores ahead of the holiday season in Alberta.
"We quickly understood that to expand our portfolio and enter
the edible market, we needed to seek a reputable partner with
tremendous expertise on craft chocolate confections," said
Zach George, Sundial's CEO. "This
partnership allows us to further leverage our sales and
distribution capabilities and infrastructure with low capital
intensity. We are excited to partner with an established Alberta
brand such as Choklat to provide products that will appeal to
chocolate and cannabis lovers."
Under the terms of the Agreement, Choklat will produce and
package the products and Sundial will use its sales and
distribution infrastructure to get the product on retailers'
shelves. This agreement will enable both companies to capitalize on
what they do best, which is produce conventional chocolate products
for Choklat and produce premium cannabis products for Sundial.
"For the past 12 years, Choklat has focused solely on innovation
and quality and we are excited to partner with Sundial and provide
our premium products to the cannabis consumer," said Brad Churchill, CEO of Choklat Inc.
"Sundial's national presence through their supply chain and
customer relations at the provincial and retail level will allow
the Choklat brand to get to market and expand over time. This is a
great opportunity for two grassroots Alberta companies."
Choklat has a proven track record of producing craft chocolate
confections, using the best quality ingredients. Choklat products
are currently available in 110 groceries stores across Alberta and is producing its cannabis-infused
confections in its 6,000 square-foot facility located in
Calgary, Alberta. Sundial will
ensure rigorous testing protocols are in place to guarantee the
high-quality products its consumers are used to, as well as using
only cannabis products with no fillers, additives or artificial
flavouring.
About Sundial Growers Inc.
Sundial is a public company with Common Shares traded on Nasdaq
under the symbol "SNDL".
Sundial is a licensed producer that crafts cannabis using
state-of-the-art indoor facilities. Our 'craft-at-scale' modular
growing approach, award-winning genetics and experienced growers
set us apart.
Our Canadian operations cultivate small-batch cannabis using an
individualized "room" approach, with 470,000 square feet of total
space.
Sundial's brand portfolio includes Top
Leaf, Sundial
Cannabis, Palmetto and Grasslands.
Our consumer-packaged goods experience enables us to not just
grow quality cannabis, but also to create
exceptional consumer and customer experiences.
We are proudly Albertan, headquartered in Calgary, AB, with operations in Olds, AB,
and Rocky View County, AB.
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 include, but are not
limited to, the opinions and beliefs of management. 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/sundial-expands-into-the-edible-market-with-choklat-collaboration-301168598.html
SOURCE Sundial Growers Inc.