Sundial Growers announces acquisition of Inner Spirit

Date Announced

May 04, 2021

Lead Office

Toronto

On May 5, 2021, Sundial Growers announced it has entered into an arrangement agreement to acquire all of the issued and outstanding common shares of Inner Spirit for total consideration of approximately US$131 million. The combined company will continue to focus on providing quality cannabis to consumers through a responsible and disciplined approach while creating enduring value for shareholders.

Sundial Growers Inc. operates as a pharmaceutical company. The Company produces and grows a range of cannabis strains, as well as, sells a variety of cannabis derivative products. Sundial Growers serves customers in Canada.

McCarthy Tétrault LLP is advising Sundial Growers with a team led by Ranjeev Dhillon and Rami Chalabi that includes Michael Shahinian (Corporate), Raj Juneja, Jeremy Ho and Kalev Tamm (Tax), Vincent Yip (Intellectual Property), Debbie Salzberger (Anti-Trust and Competition), Conrad Lee (Privacy and IT), Patrick Pengelly, Simmy Sahdra and Danielle Douglas (Labour and Employment) and Joanna Rosengarten (Environment).

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