Sundial Added to the NYSE Arca-listed ETFMG Alternative Harvest ETF
CALGARY, Nov. 21, 2019
CALGARY,Nov. 21, 2019/CNW/ - Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial") is pleased to announce that it has been added to the ETFMG Alternative Harvest ETF ("MJ") (Ticker: MJ), which trades on the NYSE Arca.
"We are excited to be included in the ETFMG Alternative Harvest ETF, the first U.S. ETF to target the global cannabis industry," saidJim Keough, Chief Financial Officer of Sundial. "We welcome the increased exposure to a broader range of investors and the opportunity to articulate our vision as a leader in the global cannabis industry."
The MJ ETF tracks the Prime Alternative Harvest Index, designed to measure the performance of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives. Considered one of the largest cannabis funds, the MJ ETF has approximatelyUS$631Min assets under management.
Sundial is also a constituent in three other distinguished ETFs: the Horizons Marijuana Life Sciences Index ETF (TSX:HMMJ), The Cannabis ETF (NYSE:THCX) and The AdvisorShares Pure Cannabis ETF (NYSEARCA:YOLO).
About Sundial Growers Inc.
Sundial proudly crafts pioneering cannabis brands to Heal, Help and PlayTM:
Sundial has facilities inCanadaand theUnited Kingdomand provides quality and consistent products consumers can trust.
InCanada, we grow 'craft-at-scale' cannabis using purpose-built modular facilities and award-winning genetics. Sundial's flagship production facility is located inOlds, Albertawith a second facility inRocky View,Alberta. We have commenced construction of our next purpose-built facility inMerritt, British Columbia.
In theUnited Kingdom, we grow high-quality traceable plants, including hemp, ornamental flowers and edible herbs, in over 1.5 million square feet of state-of-the-art environmentally friendly, indoor facilities. Bridge Farm has three facilities in Spalding with another currently under construction.
We employ over 1,000 employees globally, full-time and seasonal, bringing economic benefits to the local communities in which we operate.
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 . 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 Inc.
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