Calgary, Alberta–(Newsfile Corp. – September 3, 2020) – Edward Arthur Hellard (the “Shareholder“), announces the filing of an early warning report in connection with the disposition of 12,300,000 common shares (“Common Shares“) in the capital of Sundial Growers Inc. (NASDAQ: SNDL) (the “Issuer“). The shares were disposed of on September 3, 2020 by transfer to related parties. The Shareholder disposed of the shares of the Issuer for family and estate planning purposes and may from time to time increase or decrease his ownership or control of shares of the Issuer depending on market or other conditions.
Prior to the disposition, the Shareholder beneficially owned, or exercised control or direction over, 22,573,332 Common Shares and 2,640,000 Share purchase warrants (or 18.46% of the Common Shares of the Issuer of a fully diluted basis and 16.85% on an undiluted basis). Following the disposition, the Shareholder beneficially owns, or exercises control or direction over, 10,273,332 Common Shares and 2,640,000 Share purchase warrants (or 9.45% of the Common Shares of the Issuer of a fully diluted basis and 7.67% on an undiluted basis).
This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.
The Issuer is located at #200, 919 – 11th Avenue SW, Calgary, Alberta T2R 1P3. A copy of the early warning report with respect to the foregoing will appear on the Issuer’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR“) at www.sedar.com and may also be obtained by contacting the Shareholder’s counsel at (403) 298-2450 (300, 700 – 9th Avenue SW, Calgary, Alberta T2P 3V4).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63218