Sundial sued in U.S. for failing to disclose client return of half-ton of cannabis, as MarketWatch reported [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, as MarketWatch reported Sundial Growers Inc. SNDL, -3.21% has become the subject of a class-action lawsuit in the U.S. for allegedly failing to disclose that a customer returned 554 kilograms of cannabis because it contained mold and bits of rubber gloves. The allegations were first reported by MarketWatch On Aug. 20, and MarketWatch is cited in the suit. Sundial went public on the Nasdaq on Aug. 1. The 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 half ton of pot and terminated its agreement to buy weed from a "third party" that it did not name. People familiar with the matter said that party was Sundial, and Zenabis returned the cannabis because the pot was of poor quality and contained bits of rubber, among other issues. The batch was worth about C$2.5 million ($1.9 million) at the
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News
- SNDL Inc. (SNDL) Now Trades Above Golden Cross: Time to Buy? [Yahoo! Finance]Yahoo! Finance
- SNDL to Participate in Upcoming International Cannabis Conferences [Yahoo! Finance]Yahoo! Finance
- SNDL to Participate in Upcoming International Cannabis ConferencesPR Newswire
- MJ: Over Diversified Cannabis ETF, But Still A Solid Pick [Seeking Alpha]Seeking Alpha
- Pot producers climb as recreational cannabis to go on Florida ballot [Reuters]Reuters
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