$Sundial Growers Inc.(SNDL)$

                       EARNINGS REPORT THIS WEEK

Based on unaudited financial statements prepared by the management of the Company, Sundial expects to report record adjusted EBITDA from continuing operations for the full year 2021.

ALCANNA Transaction Highlights:

• Improved cash flow profile with expansion into liquor retail: As a result of the Transaction, Sundial has become Canada’s largest private sector liquor retailer, operating 171 locations predominantly in Alberta under its three retail banners “Wine and Beyond”, “Liquor Depot” and “Ace Liquor”. The Company’s management believes that the liquor segment will add sustainable cash flow from operations and stable adjusted EBITDA generation to Sundial’s business. Alcanna’s established liquor segment generated cash provided by operating activities before working capital changes of $25.0 million, which net of cash used by cannabis operations of $6.7 million resulted in a consolidated total of $18.3 million for the twelve months ended December 31, 2021.

• Improved revenue profile with the largest private cannabis retail network in Canada: Nova, Alcanna’s majority-owned subsidiary, currently owns or operates a total of 78 cannabis retail stores across Alberta, Saskatchewan, and Ontario under the “Value Buds” banner. Combined with Sundial's Spiritleaf retail operations, Sundial now owns or operates Canada's largest cannabis retail network with more than 180 locations.