CALGARY, Feb. 12, 2019 /CNW/ - Sundial Growers Inc. (Sundial) is pleased to announce it has secured a cannabis supply agreement with the Ontario Cannabis Store (OCS). The agreement will give Sundial access to Canada's largest cannabis consumer market, contributing to its vision of becoming one of the most trusted cannabis companies.
Sundial recently announced amended licences and added cultivation space at its flagship facility in Olds, Alberta. Through this added growing capacity, Sundial will scale production of high-quality cannabis to serve both the adult-use and medical markets across the country.
"While the immediate focus for Sundial remains on ensuring uninterrupted supply to our existing customers, the Ontario market will be critical for Sundial's long-term strategy of establishing a considerable distribution network in Canada," said Andrew Stordeur, Chief Commercial Officer at Sundial. "We truly appreciate the due diligence initiated by the OCS during the competitive approval process and we are confident it will be a great partnership moving forward."
The OCS is the province's sole legal online retailer and wholesaler for recreational cannabis. Its focus is on providing safe and responsible access to recreational cannabis through its online retail store and operating the wholesale distribution network for legal private stores in Ontario.
Sundial crafts premium quality, small-batch cannabis with its best-in-class facilities. Sundial differentiates itself from other licensed producers by growing "craft-at-scale" cannabis using purpose-built modular systems and award-winning genetics.
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 potential expansion plans of the Company in Canada, 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]