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Sundial Growers Completes the Acquisition of Spiritleaf Retail Cannabis Network

Sundial Growers Completes the Acquisition of Spiritleaf Retail Cannabis Network

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Sundial enters the Canadian cannabis retail space with the addition of the country’s largest single brand network with 100-plus retail locations CALGARY, AB, July 20, 2021 /PRNewswire/ – 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.

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