VLNCF - Sundial files early warning report in accordance with National Instrument 62-103

Sundial Growers (NASDAQ:SNDL) has reacquired (the Acquisition) more than 10% of the issued outstanding common shares of The Valens Company (OTCQX:VLNCF). On September 17, 2021, Sundial acquired 100K common shares at $3.00/share (the Transaction) for total consideration of $300K. Following the completion of the Transaction, Sundial now owns ~18.7M shares representing ~10.00% of the issued and outstanding common shares on a non-diluted basis as at September 20, 2021. Sundial's average cost base for the common shares, including those acquired in the Transaction, is $2.665/share. This news release is being issued to comply with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Earlier this month, Sundial Growers reported the sale of Alberta facility to Simply Solventless Concentrates.

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Sundial files early warning report in accordance with National Instrument 62-103