Proxy Advisory Firms ISS and Glass Lewis Recommend That Alcanna Inc. Shareholders Vote ‘FOR’ the Proposed Plan of Arrangement With Sundial Growers Inc.

EDMONTON, Alberta, Dec. 09, 2021 (GLOBE NEWSWIRE) — Alcanna Inc. (“Alcanna” or the “Company” or “CLIQ”) (TSX: CLIQ) is pleased to announce that leading proxy advisory firms, Institutional Shareholder Services Inc. (“ISS“) and Glass Lewis & Co., LLC (“Glass Lewis“) have each recommended that Alcanna shareholders (the “Alcanna Shareholders“) vote “FOR” the special resolution (the “Arrangement Resolution“) to approve the proposed plan of arrangement (the “Arrangement“) with Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial“). Under the terms of the arrangement agreement between Alcanna and Sundial dated October 7, 2021 (the “Arrangement Agreement“), Sundial will acquire all of the issued and outstanding common shares in the capital of Alcanna (each, an “Alcanna Share“). Alcanna Shareholders will receive 10.69 common shares in the capital of Sundial (each, a “Sundial Share“) for each Alcanna Share held (the “Consideration“). Read More