Sundial Growers, Inc. Securities Litigation
Court: Supreme Court of the State of New York, County of New York
Class Period: On behalf of purchasers of the common stock of Sundial in and/or traceable to Sundial's August 1, 2019 initial public offering (the "IPO").
Lead Counsel: Kaplan Fox & Kilsheimer LLP, Robbins Geller Rudman & Dowd LLP
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On October 23, 2019, Kaplan Fox & Kilsheimer LLP and Robbins Geller Rudman & Dowd LLP were appointed co-lead class counsel in re: Sundial Growers, Inc. Securities Litigation.

This action relates to the intial public offering of Sundial Growers, Inc. On August 1, 2019, the Company closed its initial public offering, selling 11 million shares at $13 per share, for gross proceeds of $143 million. The Company represented that it was a producer of “high-quality cannabis in small batches” and “we produce high-quality, consistent cannabis”.  Furthermore, the Company purported to warn about risks of failure of the Company’s quality control systems, contamination of, or damage to, its cannabis inventory.

- Consolidated Amended Complaint
- Order