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Stock impact report

ROSEN, A GLOBALLY RECOGNIZED LAW FIRM, Continues its Investigation of Securities Claims Against Sundial Growers Inc. – SNDL

SNDL Inc. - Common Shares (SNDL) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Sundial Growers Inc. (NASDAQ: SNDL) resulting from allegations that Sundial may have issued materially misleading business information to the investing public.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, Sundial 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, Sundial confirmed that it was resolving an “isolated immaterial matter between Sundial and a Show less Read more
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