Sundial Growers Inc. Securities Litigation

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Lawsuit Overview

Defendant:Sundial Growers Inc.
Date Filed:September 25th, 2019
Sector:Consumer Durables
Industry:Specialty Chemicals
Class Start Date:August 1st, 2019
Class End Date:September 25th, 2019

According to the Complaint, Sundial purports to produce and market craft pioneering cannabis brands to "Heal, Help and Play." Sundial operates five facilities, including two facilities in Alberta, Canada and three in the United Kingdom, and as of August 2019, was building a third Canadian facility in British Columbia.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Sundial failed to supply saleable cannabis in line with contractual obligations to Zenabis Global Inc.; (2) due to material quality issues, Zenabis had to return or reject a total of 554 kg of cannabis to Sundial, valued at approximately U.S. $1.9 million (C$2.5 million); and (3) as a result, Defendants' statements about Sundial's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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First Identified Complaint

Yimin Huang, et al. v. Sundial Growers Inc., et al.

Date Filed:September 25th, 2019
Class Period Start:August 1st, 2019
Class Period End:September 25th, 2019
First Identified Complaint Filings
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