Full Press Release Details
Sundial obtains Health Canada approval
to further expand production capacity and allow processing
CALGARY, Aug. 12, 2019 /CNW/ - Sundial Growers
Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") is pleased to announce that it has received amendments to
its Standard Cultivation and Standard Processing licences from Health Canada for an additional 115,000 square feet of cannabis
cultivation at its flagship facility in Olds, Alberta. The newly licensed space includes 34 additional purpose-built modular rooms
for the cultivation of premium cannabis, almost doubling the total number of flowering rooms to 74 in Olds.
"Our master growers and expert staff have
successfully completed more than 150 harvests. We are very excited about the premium quality and industry leading yields our state-of-the-art
facility in Olds is producing," said Torsten Kuenzlen, Chief Executive Officer of Sundial. "The additional flowering
rooms will further accelerate our production capacity, allowing us to expand into more provinces and provide our high-quality cannabis
to a wider consumer base."
Once fully constructed, licensed and operational,
the Olds facility will comprise approximately 450,000 square feet, including 114 revenue-generating flowering rooms. Combined,
Sundial's facilities in Olds and Rocky View, Alberta, have already produced over 15,000 kgs of small-batch cannabis to date. Sundial's
third Canadian site, which is under construction in Merritt, British Columbia, is scheduled to be operational in the first quarter
Sundial also obtained a Standard Processing
Licence from Health Canada. This new licence permits the Company to produce all current and anticipated new product formats, which
will be legalized on October 17, 2019. The Standard Processing Licence is an important step towards bringing these additional product
For more information about Sundial, visit www.sndlgroup.com
About Sundial Growers Inc.
Sundial proudly crafts pioneering cannabis
brands to Heal, Help and PlayTM:
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.
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 potential expansion plans of the Company in Canada,
and statements regarding the future performance 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
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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
CNW 08:00e 12-AUG-19