Sundial Announces Pricing of Upsized Initial Public Providing
CALGARY, July 31, 2019 /CNW/ – Sundial Growers Inc. (“Sundial” or the “Company”) nowadays announced the pricing of its upsized initial public providing of 11,000,000 typical shares at a cost 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 further typical shares.
The Nasdaq International Pick Industry, or the Nasdaq, in the United States has authorized the listing of the typical shares. The typical shares are anticipated to commence trading on the Nasdaq on August 1, 2019 below the ticker “SNDL”. The initial public providing is anticipated to close on August six, 2019, topic to the satisfaction of customary closing circumstances.
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 out there, may perhaps be obtained from the SEC’s web-site or from Cowen, c/o Broadridge Economic Solutions, 1155 Lengthy Island Avenue, Edgewood, NY 11717, Interest: Prospectus Division, or by e mail to [email protected] or by phone at 833-297-2926. Copies of the Canadian prospectus, when out there, may perhaps be obtained from www.sedar.com or from BMO Capital Markets, Brampton Distribution Centre c/o The Information Group of Businesses, 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, Interest: Simon Yeung, or through phone: (416) 842-5349, or through e mail at [email protected]
The providing will be produced only by signifies of a prospectus.
A registration statement relating to these securities has been filed with, and been declared powerful 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 purchase 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 below the securities laws of any such state or jurisdiction.
The Enterprise has obtained a receipt for a final base PREP prospectus filed with the securities commissions or related securities regulatory authorities in every single of the provinces and territories of Canada, except Quebec, on July 30, 2019. A copy of the supplemented PREP prospectus containing pricing facts and other crucial facts relating to the typical shares may perhaps, when out there, be obtained from the underwriters at the addresses set out above and will be out there on the SEDAR web-site at www.sedar.com below the Company’s profile. Investors really should study the prospectus ahead of generating 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, Support and PlayTM:
- Heal – cannabis items applied as prescription medicine
- Support – cannabis items that strive to market all round overall health and wellness via cannabinol (CBD)
- Play – cannabis items to boost social, spiritual and recreational occasions
Sundial operates 5 facilities, like two facilities in Alberta and 3 in the United Kingdom, and is at the moment developing a third Canadian facility in British Columbia.
Original press release
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