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Stock impact report

INVESTOR ALERT: Kirby McInerney LLP Reminds Investors of Investigation of Shareholder Claims Against Sundial Growers Inc.

SNDL Inc. - Common Shares (SNDL) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP is investigating potential claims against Sundial Growers Inc. (“Sundial” or the “Company”) (NASDAQ: SNDL). This investigation concerns whether Sundial has violated federal securities laws and/or engaged in other unlawful business practices.On August 1, 2019, Sundial closed its initial public offering (“IPO”), in which it sold 11 million shares at $13.00 per share for gross proceeds of $143 million. In the Registration Statement for the IPO, the Company stated that it produces “produce high-quality, consistent cannabis.”On August 19, 2019, MarketWatch reported that cannabis producer Zenabis Global Inc. had rejected a shipment of 554 kg of cannabis from Sundial “because it contained visible mold, parts of rubber gloves and other non-cannabis material, according to people familiar with the matter.” The same day, the Company confirmed that it was resolving an “isolated immaterial matter between Sundial and [a] Licensed Pr Show less Read more
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