CALGARY, Nov. 28, 2019 /PRNewswire/ - Sundial Growers Inc.
(Nasdaq: SNDL) ("Sundial") and Greg
Mills, Chair of the Board, are pleased to announce that
Zachary George has been appointed to
the Board of Directors ("Board"), effective November 27, 2019. Mr. George will also be the
Chair of the newly formed Operations and Capital Committee of the
Board.
"We are excited to welcome Zach as a new director to Sundial's
Board," said Ted Hellard, Executive
Chairman of Sundial. "Zach complements our Board's skills and
experiences and we are confident he will provide valuable
perspectives as we continue to execute our strategy and enhance
value for Sundial shareholders."
Mr. George brings a wealth of experience to Sundial having spent
more than 15 years evaluating catalyst-based investment
opportunities across the capital structure of North American
companies with a focus on real assets. Mr. George has worked
in a management capacity, including as a Chief Executive Officer
with numerous corporate boards to turn around operations, effect
corporate action and implement governance policies in order to
maximize shareholder value.
Mr. George co-founded the alternative investment platform
FrontFour Capital Group LLC and currently serves as a trustee and
director on the boards of Cominar REIT and Trez Capital Junior
MIC. He previously served as the Chairman of the boards of
FAM REIT and Huntingdon Capital Corp., as the lead independent
director of both Cornell Companies Inc. and PW Eagle Inc., and on
the boards of Allied Defense Group Inc. and IAT Air Cargo
Facilities Income Fund.
"Zach joins Sundial at an exciting time as we continue to
optimally organize for success," added Torsten Kuenzlen, CEO of
Sundial. "Zach's capabilities and track record of value creation
will further strengthen Sundial's position as a leading
international cannabis company. We look forward to working with
Zach as we continue to build Sundial as a leader in the
industry."
Sundial's Board regularly evaluates its composition to ensure it
includes the appropriate mix of skills, experience and perspectives
necessary to drive growth for all Sundial shareholders. The Board
is now composed of seven directors.
About Sundial Growers Inc.
Sundial proudly crafts pioneering cannabis brands to Heal, Help
and Play:
- Heal - cannabis products used as prescription medicine
- Help - cannabis products that strive to promote health and
wellness through CBD
- Play - cannabis products to enhance social, spiritual and
recreational occasions
Sundial has facilities in Canada and the United Kingdom and provides quality and
consistent products consumers can trust.
In Canada, we grow
'craft-at-scale' cannabis using purpose-built modular facilities
and award-winning genetics. Sundial's flagship production facility
is located in Olds, Alberta with a
second facility in Rocky View,
Alberta. We have commenced
construction of our next purpose-built facility in Merritt, British Columbia.
In the United Kingdom, we grow
high-quality traceable plants, including hemp, ornamental flowers
and edible herbs, in over 1.5 million square feet of
state-of-the-art environmentally friendly, indoor facilities.
Bridge Farm has three facilities in Spalding with another currently
under construction.
Sundial employs over 1,000 employees globally, full-time and
seasonal, bringing economic benefits to the local communities in
which we operate.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward looking
statements in this release includes, but is not limited to, the
potential expansion plans of the Company in Canada. Forward-looking statements are
frequently characterized by words such as "plan", "continue",
"expect", "project", "intend", "believe", "anticipate", "estimate",
"may", "will", "potential", "proposed" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
These statements are only predictions. Various assumptions were
used in drawing the conclusions or making the projections contained
in the forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Company is
under no obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable law.
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SOURCE Sundial Growers Inc.