STOCK TITAN

Sundial Announces Results of its Annual General Meeting of Shareholders

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Sundial Growers announced that all resolutions were approved during its annual general meeting held on July 9, 2021. Key decisions included fixing the board of directors at five members and the re-appointment of KPMG LLP as auditors. The elected directors received substantial shareholder support, with votes such as Greg Mills securing 94.37% approval. Sundial operates in cannabis cultivation in Canada and also engages in investment operations within the cannabis industry.

Positive
  • All resolutions at the annual general meeting were approved.
  • Strong shareholder support for board members, e.g., Greg Mills received 94.37% approval.
  • Re-appointment of KPMG LLP as auditors indicates confidence in financial oversight.
Negative
  • None.

CALGARY, AB, July 9, 2021 /PRNewswire/ - Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") is pleased to announce all of the resolutions put to holders of common shares of the Company (the "Shareholders") at the annual general meeting held virtually today (the "Meeting") were passed.

At the Meeting, Shareholders approved: (i) fixing the number of directors of the Company at five members; (ii) electing each of Greg Mills, Zach George, Bryan Pinney, Gregory Turnbull, and Lori Ell as directors of the Company for the ensuing year; and (iii) re-appointing KPMG LLP as the auditors of the Company for the ensuing year and authorizing the board of directors of the Company to set their remuneration.

The following votes were received with respect to each director nominee:


Number of Shares For

%

Number of Shares Withheld

%

Greg Mills

106,404,859

94.37%

6,352,203

5.63%

Zach George

106,815,890

94.73%

5,941,172

5.27%

Bryan Pinney

106,557,229

94.50%

6,200,373

5.50%

Gregory Turnbull

106,228,654

94.21%

6,528,609

5.79%

Lori Ell

106,580,501

94.52%

6,176,561

5.48%

About Sundial Growers Inc.
Sundial is a public company with Common Shares traded on Nasdaq under the symbol "SNDL".  

Our business is reported and analyzed under two operating segments: one being Cannabis and the other being Investments. Our cannabis operations, located in Canada, cultivate small-batch cannabis using an individualized "room" approach, with 448,000 square feet of total available space.  As a licensed producer that crafts cannabis using state-of-the-art indoor facilities, our 'craft-at-scale' modular growing approach, award-winning genetics and experienced growers set us apart. 

Sundial's brand portfolio includes Top Leaf,Sundial Cannabis,PalmettoandGrasslands. Our consumer-packaged goods experience enables us to not just grow quality cannabis, but also to create exceptional consumer and customer experiences. 

Our investment operations seek to deploy strategic capital through direct and indirect investments and partnerships throughout the global cannabis industry.  

We are proudly Albertan, headquartered in Calgary, AB, with operations in Olds and Rocky View County, Alberta, Canada.

Forward-Looking 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 include, but are not limited to, the opinions and beliefs of management. 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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sundial-announces-results-of-its-annual-general-meeting-of-shareholders-301328483.html

SOURCE Sundial Growers Inc.

FAQ

What were the outcomes of Sundial Growers' annual general meeting on July 9, 2021?

All resolutions proposed during the meeting were approved, including the election of directors and the re-appointment of KPMG LLP as auditors.

Who were elected as directors during Sundial Growers’ annual general meeting?

Greg Mills, Zach George, Bryan Pinney, Gregory Turnbull, and Lori Ell were elected as directors.

What percentage of votes did Greg Mills receive at the Sundial Growers annual meeting?

Greg Mills received 94.37% of shareholder votes in his favor.

Which firm was re-appointed as auditors for Sundial Growers?

KPMG LLP was re-appointed as auditors for the upcoming year.

What is the stock symbol for Sundial Growers?

The stock symbol for Sundial Growers is SNDL.

Sundial Growers Inc. Common Shares

NASDAQ:SNDL

SNDL Rankings

SNDL Latest News

SNDL Stock Data

467.47M
264.63M
0.55%
15.28%
1.88%
Beverages - Wineries & Distilleries
Consumer Defensive
Link
United States of America
Calgary