Full Press Release Details
Sundial Announces Extension of Credit
Facility Waiver Agreements
Sundial will announce
Q1 2020 financial results on May 14 followed by
a conference call on May 15.
CALGARY, May 1, 2020 /CNW/ - Sundial Growers
Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") announced that the Company's senior lenders have
amended the terms of the April 15, 2020 waivers and agreements extending the required completion of defined milestones
First Quarter 2020 Financial Results Announcement
Sundial will release its first quarter
financial results ended March 31, 2020 after market close on May 14, 2020. Following the release, Sundial
will host a conference call and webcast at 10:30 a.m. EDT (8:30 a.m. MDT) on May 15, 2020.
CONFERENCE CALL ACCESS
Callers may access the conference call via the following phone numbers:
Canada/USA Toll Free: 1-800-319-4610
International Toll: +1-604-638-5340
UK Toll Free: 0808-101-2791
Callers should dial in 5-10 minutes prior to the scheduled start time.
To access the live conference call webcast, please visit the following link:
A replay will be available for three months following the conference call.
CONFERENCE CALL REPLAY
Canada/USA Toll Free: 1-800-319-6413
International Toll: +1-604-638-9010
Replay Access Code: 4538
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 master growers set us
Our Canadian operations cultivate small-batch
cannabis using an individualized "room" approach, with 470,000 square feet of total space. In the United Kingdom, we
grow traceable plants, including hemp, ornamental flowers and edible herbs within 1.75 million square feet of environmentally friendly
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 potential cost reduction and credit re-structuring plans 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 Inc.
View original content to download multimedia:
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 12:00e 01-MAY-20