CALGARY, Aug. 27, 2019 /CNW/ - Sundial Growers Inc.
(Nasdaq: SNDL) ("Sundial" or the "Company") is pleased to announce
that the Company has been added to the portfolio of the Horizons
Marijuana Life Sciences Index ETF (TSX: HMMJ) ("HMMJ"). This
follows the addition of Sundial to the North American Marijuana
Index (the "Index"), the underlying index of HMMJ.
"Becoming a member of the Horizons Marijuana Life Sciences Index
ETF is an important milestone as a leading, international cannabis
company," said Torsten Kuenzlen, Chief Executive Officer. "Being
added to HMMJ will further expand our exposure to a broader range
HMMJ, the world's first marijuana ETF, seeks to replicate the
performance of the Index, net of expenses. The Index is designed to
provide exposure to the performance of a basket of public North
American life sciences companies with significant business
activities in the marijuana industry. In accordance with the Index
guideline, all Index components have been re-weighted based on
their market capitalization at the time Sundial was added.
Rebalancing of the Index occurs quarterly when all stocks eligible
for inclusion are re-weighted by their respective market
capitalization. The holdings of HMMJ and its current portfolio
weights are regularly updated and available at
About Horizons ETFs Management (Canada) Inc.
Horizons ETFs Management (Canada) Inc. is an innovative financial
services company and offers one of the largest suites of exchange
traded funds in Canada. The
Horizons ETFs product family includes a broadly diversified range
of solutions for investors of all experience levels to meet their
investment objectives in a variety of market conditions. Horizons
ETFs has more than $10 billion of
assets under management and 90 ETFs listed on major Canadian stock
About Sundial Growers Inc.
Sundial proudly crafts pioneering cannabis brands to Heal, Help
- 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
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, our
Bridge Farm facilities 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,
England with another currently
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
Company's plan to become a leading, global cannabis company and
construction related to its facility in Merritt, British Columbia and at Bridge Farm.
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.
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SOURCE Sundial Growers Inc.