Levi & Korsinsky Announces Sundial Growers Class Action Investigation; SNDL Lawsuit

Class Action Reports

Levi & Korsinsky Announces Sundial Growers Class Action Investigation; SNDL Lawsuit

Levi & Korsinsky, LLP

September 30, 2019

Levi & Korsinsky, LLP announces that a SNDL class action lawsuit has been commenced on behalf of investors who purchased Sundial Growers Inc. (SNDL) pursuant and/or traceable to the Company’s initial public offering in August 1, 2019. For more on the Sundial Growers Class Action please contact us today.

According to the Sundial Growers lawsuit, throughout the Class Period defendants 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.

TO LEARN MORE ABOUT THE SNDL CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/sundial-growers-inc-loss-form?wire=3

If you suffered a loss in Sundial Growers you have until November 25, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com