Exhibit 99.1 CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2021 and 2020 (Expressed in thousands of Canadian dollars) Management's Responsibility for Financial Reporting The preparation and presentation of the accompanying consolidated financial statements of Alcanna Inc. ("the Company"), which have been prepared in accordance with International Financial Reporting Standards, are the responsibility of management and have been approved by the Board of Directors. The consolidated financial statem ...

Financial Data and Key Metrics Changes - SNDL achieved record net revenue of $223.7 million in Q2 2022, a 2,344% increase year-over-year from $9.2 million in Q2 2021 [9][27] - Gross margin grew to $43.1 million, up 1,627% from a loss of $2.8 million in Q2 2021, marking the highest gross margin since inception [10][27] - Net loss for Q2 2022 was $74 million, compared to a net loss of $52.3 million in Q2 2021 [27] - Adjusted EBITDA loss was $25.9 million for Q2 2022, compared to a loss of $0.2 million in Q2 2021 [28] Business Line Data and Key Metrics Changes - Liquor retail segment generated gross revenue of $148.6 million with a gross margin of $33.5 million, representing 22.6% of sales [32][41] - Cannabis retail segment gross revenue was $63.5 million, a 746% increase from $7.5 million in Q1 2021, with a gross margin of $13.9 million [33] - Cannabis cultivation and production segment reported gross revenue of $15.4 million, a 36% increase from Q1 2022, with adjusted EBITDA of $3.5 million, marking the first positive adjusted EBITDA quarter [35] Market Data and Key Metrics Changes - SNDL's cannabis retail market share reached approximately 9.8% in privatized provincial markets [14] - Liquor retail market share in Alberta was 17.6%, with Wine & Beyond representing 2.9% despite having only 11 stores [43] Company Strategy and Development Direction - SNDL aims to become a leader in the Canadian regulated products industry, focusing on vertical integration and enhancing retail operations [9][22] - The company is exploring expansion opportunities for the Wine & Beyond brand into British Columbia and Saskatchewan [43] - SNDL is committed to optimizing profitability and cash flow through cost discipline and margin-accretive products in the liquor retail segment [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic challenges, including cost inflation and cannabis price compression, but remains focused on improving results [10][21] - The company expects to realize cost savings across all operating segments and continues to integrate Alcanna into its operations [21][22] - Management expressed confidence in the potential for SNDL to lead in the Canadian regulated products space, emphasizing a culture of continuous improvement [22] Other Important Information - SNDL's common shares were consolidated on a one-for-ten basis effective July 25, 2022, regaining compliance with NASDAQ requirements [30] - The company has $900 million in cash, marketable securities, and long-term investments with no outstanding debt as of June 30, 2022 [28] Q&A Session Summary Question: Details on the economics of the Wine & Beyond banner - Management indicated that Wine & Beyond attracts a larger customer segment with competitive pricing, and the build-out costs range from $1.5 million to $1.8 million [61][65] Question: Performance comparison between Spirit Leaf and Nova Cannabis - Management noted that Spirit Leaf operates a mix of corporate and franchise locations, while Nova focuses on discount retail, leading to different performance metrics [65][66] Question: International strategy and potential new markets - Management confirmed that while the focus remains on Canada, they are exploring opportunities in international markets like Germany and Australia [76][77] Question: Impact of OCS cyber attack on retail operations - Management does not expect material disruptions from the OCS cyber attack and noted ongoing regulatory improvements that could enhance security [81] Question: Details on Sunstream's asset write-down - Management explained that the write-downs were due to fair value adjustments across the portfolio, not specific to one credit [88] Question: Opportunities for equity investments in distressed companies - Management acknowledged the potential for equity investments but emphasized the need for prudent decision-making based on market conditions [92] Question: Breakdown of the $100 million Canadian credit portfolio - Management indicated that the credit exposure includes both retail and producer credits, with specific names not disclosed due to confidentiality [101]

Exhibit 99.1 Form 51-102F4 BUSINESS ACQUISITION REPORT Item 1 Identity of Company 1.1 Name and Address of Company Sundial Growers Inc. ("Sundial") is a corporation existing under the Business Corporations Act (Alberta). The head office of Sundial is located at Suite 300, 919 – 11 Avenue SW, Calgary, Alberta T2R 1P3. 1.2 Executive Officer The name of the executive officer of Sundial, who is knowledgeable about the significant acquisition and this Business Acquisition Report is Jim Keough, the Chief Financial ...

Sundial Growers Inc. (NASDAQ:SNDL) Q1 2022 Earnings Conference Call May 17, 2022 10:30 AM ET Company Participants Zach George - Chief Executive Officer Jim Keough - Chief Financial Officer Andrew Stordeur - President and Chief Operating Officer Conference Call Participants Frederico Gomes - ATB Capital Markets Matthew Baker - Cantor Fitzgerald Operator Good morning, and welcome to Sundial Growers First Quarter 2020 Financial Results Conference Call. Yesterday, Sundial issued a press release announcing their ...

Sundial Growers Inc. (NASDAQ:SNDL) Q4 2021 Results Conference Call April 28, 2022 10:30 AM ET Company Participants Zach George - Chief Executive Officer Jim Keough - Chief Financial Officer Andrew Stordeur - President and Chief Operating Officer Conference Call Participants Frederico Gomes - ATB Capital Markets Operator Good morning, and welcome to Sundial Growers Full-year and Fourth Quarter 2021 Financial Results Conference Call. Yesterday, Sundial issued a press release announcing their financial results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

Letter from the Chief Executive Officer REMINISCENCES OF A CROSS-BORDER, ESSENTIAL WORKER ZACH GEORGE CEO, SUNDIAL GROWERS INC. February 2022 marked my second anniversary as the CEO of Sundial. As I look back, it is remarkable how much we have accomplished in terms of financial performance improvement and our steadfast dedication to delighting cannabis consumers. The past two years have been unforgettable and transformative. The world experienced a pandemic, impacting our daily routines, interactions, and f ...

VALENS Q1 2022 EARNINGS TSX: VLNS NASDAQ:VLNS THEVALENSCOMPANY.COM NOTICE TO RECIPIENT This presentation (the "Presentation") of The Valens Company Inc. (the "Company" or "The Valens Company" or "Valens") is an overview only and does not contain all the information that a prospective investor may require to make investment decisions. This Presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities of the Company. In making an investment deci ...

Exhibit 99.1 Sundial Growers Completes Acquisition of Alcanna Sundial is now the largest private sector cannabis and liquor retailer in Canada CALGARY, AB, March 31, 2022 /CNW/ - Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") is pleased to announce the completion of the previously disclosed acquisition of all of the issued and outstanding common shares ("Alcanna Shares") of Alcanna Inc. (TSX: CLIQ) ("Alcanna") pursuant to a plan of arrangement, for total consideration of approximately $320 ...

Financial Data and Key Metrics Changes - Sundial reported its first-ever quarter with positive Adjusted EBITDA of CAD10.5 million, compared to a loss of CAD4.4 million in Q3 2020 [10] - Net earnings for Q3 2021 were CAD11.3 million, a significant improvement from a net loss of CAD71.4 million in the previous year [10] - General and administrative expenses increased by 33% to CAD9.6 million, primarily due to the inclusion of SpiritLeaf results [10] - Gross margin before fair value adjustments from cannabis cultivation improved to negative CAD4.9 million from negative CAD17.3 million year-over-year [10] Business Line Data and Key Metrics Changes - Net revenue from cultivation and production operations decreased to CAD8.2 million from CAD12.9 million in Q3 2020, reflecting a shift in consumer demand and price compression [11] - Retail gross revenue from the SpiritLeaf network was CAD6.1 million from July 20 to September 30, 2021, with system-wide retail sales reaching CAD33.5 million [12] - Investment operations generated CAD19.2 million in income for the quarter, with an annualized rate of return of 13% [14] Market Data and Key Metrics Changes - Sundial's average selling prices increased, and market share in the premium flower segment improved in key markets like Alberta and Ontario [5] - The average weighted potency of flower lots reached a record 21.7%, an increase of over 200 basis points compared to Q3 2020 [16] - The percentage of harvest with greater than 24% THC potency has been consistent for three consecutive quarters [17] Company Strategy and Development Direction - Sundial is focused on sustainable profitability and improving cultivation practices, with a commitment to owning consumer relationships through retail operations [5][6] - The acquisition of Alcanna is seen as a strategic move to enhance the integrated business model [4] - The company aims to build a consistently profitable and scalable business, targeting free cash flow generation within the 2022 calendar year [8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges in the Canadian cannabis industry but emphasized a strong financial position and ongoing improvements in operations [3] - The company is preparing for a competitive retail environment and is focused on maintaining pricing above discount rates [42] - Management expressed confidence in the long-term share price performance driven by improved fundamentals and cash flow generation [29] Other Important Information - Sundial's unrestricted cash balance was CAD571 million, and the company remains debt-free [14] - The company has made significant investments in cannabis-related credit facilities and joint ventures, totaling CAD489 million since the beginning of 2021 [7] Q&A Session Summary Question: Integration of SpiritLeaf and other retail chains - Management indicated that integration details would be discussed after the acquisition of Alcanna is finalized, with plans to share more in the new year [38] Question: SpiritLeaf margins and pricing adjustments - Management acknowledged pricing pressures in the cannabis retail space but stated that they are working on merchandising and pricing strategies to maintain margins [42] Question: Credit investment portfolio and market evolution - Management believes that the cost of equity and debt will decrease as the industry matures, despite current high costs in Canada and the US [49] Question: Share buyback program and metrics for initiation - Management did not provide specific guidance on share buyback parameters but emphasized a focus on net asset value and future cash flow generation [52]