CALGARY, July 31, 2019 /CNW/ – Sundial Growers Inc. (“Sundial” or the “Company”) nowadays announced the pricing of its upsized initial public supplying of 11,000,000 prevalent shares at a value to the public of US$13.00 per share. In addition, the underwriters have been granted a 30-day more than-allotment choice to acquire up to 1,650,000 more prevalent shares.
The Nasdaq Worldwide Choose Marketplace, or the Nasdaq, in the United States has authorized the listing of the prevalent shares. The prevalent shares are anticipated to commence trading on the Nasdaq on August 1, 2019 beneath the ticker “SNDL”. The initial public supplying is anticipated to close on August six, 2019, topic to the satisfaction of customary closing situations.
Cowen, BMO Capital Markets and RBC Capital Markets are acting as joint book-operating managers for the IPO. Barclays and CIBC Capital Markets are acting as bookrunners and Scotiabank is acting as co-manager for the IPO.
Copies of the U.S. prospectus, when accessible, may possibly be obtained from the SEC’s site or from Cowen, c/o Broadridge Monetary Solutions, 1155 Extended Island Avenue, Edgewood, NY 11717, Focus: Prospectus Division, or by e-mail to [email protected] or by phone at 833-297-2926. Copies of the Canadian prospectus, when accessible, may possibly be obtained from www.sedar.com or from BMO Capital Markets, Brampton Distribution Centre c/o The Information Group of Organizations, 9195 Torbram Road, Brampton, Ontario, L6S 6H2 or by phone at (905) 791-3151 Ext 4312 or by e-mail at [email protected] or RBC Capital Markets, 180 Wellington Street West, 8th Floor, Toronto, ON M5J 0C2, Focus: Simon Yeung, or by way of phone: (416) 842-5349, or by way of e-mail at [email protected].
The supplying will be created only by implies of a prospectus.
A registration statement relating to these securities has been filed with, and been declared productive by, the U.S. Securities and Exchange Commission. This press release shall not constitute an supply to sell or the solicitation of an supply to acquire nor shall there be any sale of these securities in any state or jurisdiction in which such supply, solicitation or sale would be unlawful prior to registration or qualification beneath the securities laws of any such state or jurisdiction.
The Business has obtained a receipt for a final base PREP prospectus filed with the securities commissions or equivalent securities regulatory authorities in each and every of the provinces and territories of Canada, except Quebec, on July 30, 2019. A copy of the supplemented PREP prospectus containing pricing data and other essential data relating to the prevalent shares may possibly, when accessible, be obtained from the underwriters at the addresses set out above and will be accessible on the SEDAR site at www.sedar.com beneath the Company’s profile. Investors must study the prospectus prior to producing an investment choice.
No securities regulatory authority has either authorized or disapproved of the contents of this press release.
About Sundial Growers Inc.
Sundial proudly crafts pioneering cannabis brands to Heal, Assistance and PlayTM:
- Heal – cannabis solutions made use of as prescription medicine
- Assistance – cannabis solutions that strive to market general wellness and wellness by means of cannabinol (CBD)
- Play – cannabis solutions to improve social, spiritual and recreational occasions
Sundial operates 5 facilities, such as two facilities in Alberta and 3 in the United Kingdom, and is presently developing a third Canadian facility in British Columbia.
This press release includes “forward-searching statements”, which may possibly be identified by the use of words such as, “may”, “would”, “could”, “will”, “likely”, “expect”, “anticipate”, “believe, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook” and other equivalent expressions, such as statements in respect of the more than-allotment choice, Sundial’s intentions with respect to stock exchange listing and the anticipated closing of the supplying. Forward-searching statements are not a assure of future functionality and are primarily based upon a quantity of estimates and assumptions of management in light of management’s knowledge and perception of trends, present situations and anticipated developments, as properly as other aspects that management believes to be relevant and affordable in the situations, such as assumptions in respect of present and future marketplace situations. Actual benefits, functionality or achievement could differ materially from that expressed in, or implied by, any forward-searching statements in this press release, and, accordingly, you must not location undue reliance on any such forward-searching statements and they are not guarantees of future benefits. Forward-searching statements involve considerable dangers, assumptions, uncertainties and other aspects that may possibly lead to actual future benefits or anticipated events to differ materially from these expressed or implied in any forward-searching statements, such as that the eventual supplying value in respect of the initial public supplying may possibly fall outdoors of the value variety offered in the registration statement and the prospectus . Please see the heading “Risk Factors” in the registration statement and the prospectus for a discussion of the material danger aspects that could lead to actual benefits to differ materially from the forward-searching data. Sundial does not undertake to update any forward-searching statements that are incorporated herein, except in accordance with applicable securities laws.
Supply Sundial Growers
For additional data: Media Get in touch with: Sophie Pilon, Corporate Communications Manager, Sundial Growers Inc., T: 1.403.815.7340, E: [email protected]