Full Press Release Details
Sundial Regains Compliance with Nasdaq
Minimum Bid Price Rule
CALGARY, AB, Feb. 17, 2021 /CNW/ - Sundial
Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") today announced that the Nasdaq Stock Market ("Nasdaq")
has confirmed that the Company has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the
Nasdaq Capital Market.
As a result of the closing bid price of the
Sundial's common shares having been at US$1.00 per share or greater for at least ten consecutive business days, the Company has
regained compliance with Nasdaq's Listing Rule, and the matter is now closed.
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 apart.
Our Canadian operations cultivate small-batch
cannabis using an individualized "room" approach, with 448,000 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 are frequently characterized by words such as "plan", "continue", "expect", "project",
"intend", "believe", "anticipate", "estimate", "likely", "outlook",
"forecast", "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. Please see the risk factors identified
in the Company's filings with the SEC, including those identified in the Company's Annual Report on Form 20-F and other filings
with the SEC, for a discussion of the material risks that could cause actual results to differ materially from the forward-looking
information. 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
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SOURCE Sundial Growers Inc.
View original content to download multimedia:
For further information: Sophie Pilon, Corporate Communications,
Sundial Growers Inc., O: 1.587.327.2017, C: 1.403.815.7340, E: spilon@sundialgrowers.com
CO: Sundial Growers Inc.
CNW 07:00e 17-FEB-21