Sundial Growers Inc. (SNDL) Files Early Warning Report Issued Pursuant to National Instrument 62-103

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Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103 Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) announced that it has reacquired (the “Acquisition”) more than 10% of the issued outstanding common shares (“Common Shares”) of The Valens Company Inc. (“Valens”) (TSX: VLNS) (OTCQX: VLNCF). Sundial’s average cost base for the Common Shares, including those acquired in the Transaction, is $2.665 per Common Share. ABOUT SUNDIAL GROWERS INC. Sundial is a public company with Common Shares traded on Nasdaq under the symbol “SNDL”. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Immediately before the completion of the Transaction, Sundial owned 18,571,300 Common Shares, representing approximately 9.99% of the issued and outstanding Common Shares on a non-diluted basis as at September 20, 2021.

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Sundial Files Early Warning Report Issued Pursuant to National Instrument 62-103

Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) announced that it has reacquired (the “Acquisition”) more than 10% of the issued outstanding common shares (“Common Shares”) of The Valens Company Inc. (“Valens”) (TSX: VLNS) (OTCQX: VLNCF).

On September 17, 2021, Sundial acquired 100,000 Common Shares at a price of $3.00 per Common Share (the “Transaction”) for total consideration of $300,000. Immediately before the completion of the Transaction, Sundial owned 18,571,300 Common Shares, representing approximately 9.99% of the...

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