Calgary, AB (July 20, 2021) — Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) is pleased to announce the completion of the previously disclosed arrangement (the “Arrangement”) whereby Sundial has acquired all of the issued and outstanding common shares of Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF) (“Inner Spirit”) (“Inner Spirit Shares”) for consideration per Inner Spirit Share consisting of (i) $0.30 in cash and (ii) 0.0835 of a common share of Sundial.
The team at DS Burstall LLP included Robert Verbuck, Michael Ginevsky, Adil Hirji and Mitchell Steele, Al McConnell and Stephanie Barron.