Sundial Announces Departure of CEO and other Leadership Changes and Optimization Initiatives CALGARY

Sundial Announces Departure of CEO and

other Leadership Changes and Optimization Initiatives

CALGARY, Jan. 30, 2020 /CNW/ - Sundial Growers

Inc. (Nasdaq: SNDL) ("Sundial" or "the Company") announces certain changes to its executive team and board

of directors (the "Board") as described below.

Board of Directors and Executive Team Changes

Torsten Kuenzlen has resigned as the Company's Chief Executive

Officer ("CEO") and will step down as a director, effective immediately, to pursue other interests;

Zach George, currently a member of Sundial's Board, has

been appointed as CEO and will continue as a director;

Ted Hellard has stepped down from his role as Executive

Chairman, but will continue to serve on the Board, and as Chair of the Mergers and Acquisitions Committee;

Brian Harriman, Sundial's Chief Operating Officer ("COO"),

will be leaving Sundial and his portfolio will be transitioned to Andrew Stordeur; and,

Andrew Stordeur, currently President of Sundial's Canadian

operations, will be appointed as President and COO in recognition of his expanded role.

Sundial is committed to continuing to implement

strong corporate governance practices throughout the organization. In addition, the Board will continue to evaluate future opportunities

to further strengthen the Company and position it for long-term growth and value creation. Sundial's management team is committed

to the long-term success of the Company and has the extensive operational, marketing and business experience needed to maintain

its position as a leader in the industry.

Greg Mills, Chairman of the Board, said, "We

are extremely fortunate to have Mr. George join us as CEO. His successful track record for effecting corporate change through increased

efficiency and operational improvements, along with his capital markets experience, will help drive the next chapter for Sundial.

We are also pleased to announce the promotion of Andrew Stordeur to President and COO. His leadership and strong background in

the consumer-packaged goods sector are critical to Sundial and his promotion furthers our efforts to streamline the organization."

"I look forward to working with the management

team at Sundial," said Zach George, Sundial's incoming CEO. "Sundial's talent, state-of-the-art facilities and disciplined

consumer product focus will be the drivers of its future success. As the market evolves, these attributes, along with our flexible

operating structure, position us for long-term growth and sustainable value creation for our shareholders."

Further details on Mr. George's and Mr. Stordeur's

experience can be found below.

Optimization Initiatives

In response to slower than expected regulatory approvals of new stores and delays in some cannabis 2.0 products, Sundial has

implemented several streamlining and efficiency initiatives to position the Company for long-term, sustainable growth. These initiatives

include enhancement of facility workflows and processes, realignment of product lines and product formats to areas of stronger

demand, workforce optimization and a heightened discipline in cost management. While industry delays adversely impact Sundial's

operations in the short term, the Company expects to see a resumption of strong growth across the industry when the regulatory

bottlenecks are removed and approvals for new products are granted.

The efficiency improvements and cost-cutting

initiatives are expected to result in an annualized cost savings of approximately CAD$10-15 million for fiscal 2020. A substantial

portion of these initiatives have been implemented, with cost reductions expected to be realized beginning in the first quarter

of 2020. As part of the leadership team's focus on improved efficiency, cost management and long-term sustainability, the Company

will continue to monitor operations to ensure it remains responsive in the current environment.

Sundial is committed to providing the highest

quality products with processes and practices that meet or exceed the regulatory requirements. The Company does not expect its

production levels to be affected by these changes.

Executive Biographies

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, affect 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 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

Mr. Stordeur joined the Company as Chief Commercial Officer in March 2018 and became President, Canada in May 2019. Mr.

Stordeur has over 15 years of experience working in the fast-moving consumer goods industry both domestically and internationally,

contributing to the success of well-known brands like Molson Coors Beverage Company, Mars Canada Inc., and other international

consumer packaged goods companies. Before joining Sundial, Mr. Stordeur was the Chief Sales and Customer Officer at the Molson

Coors Beverage Company and also spent time in senior commercial roles at Mars Canada.

For more information about Sundial, visit www.sndlgroup.com and

About Sundial Growers Inc.

Sundial proudly crafts pioneering cannabis brands to Heal, Help and Play:

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

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.

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"), including statements regarding the Company's cost-cutting initiatives,

the cost savings expected to be achieved and the maintenance of production levels. 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 Inc.

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For further information: Media Contact: Sophie Pilon, Corporate

Communications Manager, Sundial Growers Inc., O: 1.587.327.2017, C: 1.403.815.7340, E: spilon@sundialgrowers.com

CO: Sundial Growers Inc.

CNW 08:00e 30-JAN-20