CALGARY, AB, Oct. 20, 2021 /PRNewswire/ - Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial") today announced that between September 3, 2021 and October 19, 2021, Sundial disposed of 2,336,500 common shares ("Common Shares") in the capital of Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF) ("Indiva").

Between September 3, 2021 and October 19, 2021, Sundial disposed of 2,336,500 Common Shares of Indiva (the "Indiva Shares") through the facilities of TSX Venture Exchange (the "TSXV") at an average price of $0.488 per Indiva Share for a total consideration of $1,141,336. Prior to the dispositions, Sundial held 25,000,000 Common Shares of Indiva, representing approximately 18.58% of the then issued and outstanding Common Shares of Indiva on a non-diluted basis. As a result, following the completion of these dispositions, and together with Indiva's various issuances of Common Shares from treasury, Sundial has decreased its holdings in Indiva by 2.99%. Immediately following this disposition, Sundial now holds 22,663,500 Common Shares of Indiva representing 15.59% of Indiva's issued and outstanding Common Shares on a non-diluted basis.