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Sundial Announces Extension of Alcanna Arrangement Agreement Outside Date

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It looks like we will not see any improvement on the Balance Sheet or Income Statement from this purchase until the 2nd quarter of 2022. 

Calgary, AB (February 25, 2022) — Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial” or the “Company”) today announced that by mutual agreement with Alcanna Inc. (“Alcanna”), they are extending the outside date for closing the transaction (the “Arrangement”) contemplated under the arrangement agreement between Sundial and Alcanna dated October 7, 2021, and amended on January 6, 2022 (the “Arrangement Agreement”), to March 30, 2022 in accordance with terms of the Arrangement Agreement. Sundial and Alcanna agreed to extend the outside date to complete the required closing matters contemplated by the Arrangement Agreement. The parties expect that the Arrangement will close on or before the March 30, 2022. 


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