CALGARY, Feb. 8, 2019 /CNW/ - Sundial Growers Inc. (Sundial) is pleased to announce that it has received licence amendments from Health Canada for an additional 140,000 square feet of cannabis cultivation at its flagship facility in Olds, Alberta. Each of the 40 newly licensed Solaria Modules have been purpose-built for the cultivation of high-quality, small-batch cannabis using an individual "room" approach.
The amended licences and added cultivation space will allow Sundial to scale up production of its award-winning genetics, contributing to its vision of crafting the highest quality cannabis for both the adult-use and medical markets. The Olds site continues to accelerate its construction plan with the facility targeting full operational capacity by the end of summer 2019.
"Today is another big day for Sundial on our road to becoming one of the largest and most trusted cannabis companies in Canada," said Sundial CEO, Torsten Kuenzlen. "This milestone is evidence that we are scaling operations quickly which will allow us to not only continue to supply the Alberta market but to expand into other regions across Canada."
The additional cultivation space in the facility is expected to have a significant impact on the local economy in Olds and surrounding Alberta communities. Sundial is focused on its continuous progress in creating jobs and expects to employ more than 500 people once the facility is fully completed this year.
For more information about Sundial Growers Inc., visit www.sundialcannabis.com and follow us on Twitter and Instagram @SundialCannabis.
About Sundial Growers Inc.
Sundial is a privately held, Alberta-based licensed cannabis producer. We believe in healing, helping and playing, while cultivating cannabis for modern consumers – people who want a natural alternative that fits seamlessly into today's active, healthy lifestyles. Our focus is on producing consistent, quality cannabis that our customers can trust.
Sundial operates two facilities in Alberta, including our flagship, purpose-built modular cannabis production facility in Olds and a second production facility in Rocky View, with plans to build a third facility in British Columbia.
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 timing for full operational capacity of the Olds facility, the potential expansion plans of the Company in Canada, the impact of the expansion on the community of Olds, the number of expected employees, the plans to construct a third facility in British Columbia and statements regarding the future performance of the Company. 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.
SOURCE Sundial Growers
For further information: Media Contact: Sophie Pilon, Corporate Communications Manager, Sundial Growers Inc., C: 1.403.815.7340, E: [email protected]