Cannabis Watch: Sundial sued in U.S. for failing to disclose half-ton of cannabis was returned by client [MarketWatch]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: MarketWatch
Sundial sued in U.S. for failing to disclose half-ton of cannabis was returned by client Sundial Growers Inc. shares fell another 4.7% on Monday, after the Canadian cannabis company became the subject of a class-action lawsuit in the U.S. for allegedly failing to disclose that a customer returned half a ton of cannabis because it contained mold and bits of rubber gloves. The allegations were first reported by MarketWatch’s Max A. Cherney on Aug. 20, and MarketWatch’s reporting is cited in the suit. The suit was filed in the Southern District of New York, according to The Rosen Law firm. Sundial SNDL, -5.53% went public on the Nasdaq on Aug. 1, selling 11 million shares priced at $13 each to raise $143 million. In its IPO documents, the company said it produces “high-quality, consistent cannabis.” The Calgary, Alberta–based company reported earnings on Aug. 20, the same day that another Canadian cannabis company, Zenabis Global ZENA, +7.69% , disclosed that it had returned a hal
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SNDL
Sec Filings
- 4/15/24 - Form S-8
- 4/9/24 - Form 6-K
- 4/2/24 - Form 6-K
- SNDL's page on the SEC website