Sundial Still Committed To Deal With Liquor Retailer Alcanna Despite Cannabis Market Volatility

Sundial Growers Inc. (NASDAQ: SNDL) reiterated its commitment to the proposed plan of arrangement with liquor retailer Alcanna Inc. (TSX: CLIQ) as previously announced in October and announced ISS' support for the plan.

Sundial’s Commitment

The Calgary, Alberta-based company noted that it is committed to the current consideration offered to Alcanna shareholders whereby Alcanna's shareholders will receive, for each common share of Alcanna held, 10.69 common shares of Sundial. 

Based on this fixed exchange ratio and closing price of Sundial shares on Dec. 7, 2021, the consideration represents a deemed value …

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