Pomerantz LLP

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Sundial Growers Inc.

We are investigating Sundial Growers Inc. (SNDL) (“Sundial” or the “Company”) for potential violations of the federal securities laws. 

On or around August 1, 2019, Sundial completed its initial public offering (“IPO”), selling 11 million shares priced at $13.00 per share.  Then, on August 19, 2019, MarketWatch reported that cannabis producer Zenabis Global Inc. had rejected a shipment of 554 kg of cannabis from Sundial “because it contained visible mold, parts of rubber gloves and other non-cannabis material, according to people familiar with the matter.”  The same day, Sundial confirmed that it was resolving an “isolated immaterial matter between Sundial and a Licensed Producer.”  On this news, Sundial’s stock price fell $0.45 per share, or 4.31%, to close at $10.00 on August 20, 2019.