Page 1

Exhibit 99.1 SUNDIAL Sundial Reports Third Quarter 2021 Financial and Operational Results CALGARY , AB , Nov. 11 , 2021 / CNW / - Sundial Growers Inc. ( NASDAQ : SNDL ) ( " Sundial " or the " Company " ) reported its financial and operational results for the third quarter ended September 30 , 2021. All financial information in this press release is reported in millions of Canadian dollars and represents results from continuing operations , unless otherwise indicated . The Company will hold a conference call and webcast at 10:30 a.m. EST ( 8:30 a.m. MST ) on Friday , November 12 , 2021. Please see the dial - in details within the release , as well as additional details on Sundial's website at www.sndlgroup.com . THIRD QUARTER 2021 OPERATIONAL AND INVESTMENT HIGHLIGHTS • Net earnings of $ 11.3 million for the third quarter of 2021 compared to $ 71.4 million loss in the third quarter of the prior year . Adjusted EBITDA of $ 10.5 million for the third quarter of 2021 , compared to an adjusted EBITDA loss of $ 4.4 million in the third quarter of 2020 . Net revenue from Cannabis segments of $ 14.4 million for the third quarter of 2021 , an increase of 57 % over the second quarter of 2021 and an increase of 12 % over the third quarter of 2020 . Cannabis Cultivation and Production : Net revenue for the cultivation and production of cannabis was $ 8.2 million compared to $ 9.2 million in the previous quarter , a decline of 11 % . Cannabis Retail : Net revenue for cannabis retail was $ 6.1 million following the acquisition of Inner Spirit Holdings Inc. ( " Inner Spirit " ) and the Spiritleaf retail network ( " Spiritleaf " ) during the third quarter . Gross margin from Cannabis segments was $ 1.8 million , including a loss of $ 1.9 million from cannabis cultivation and production compared to a loss of $ 19.5 million from that segment in the third quarter of 2020 . Investment and fee revenue of $ 3.3 million , realized gains on marketable securities of $ 6.0 million and Sundial's share of profit from equity accounted investees of $ 9.9 million for the third quarter of 2021 compared to Nil in the third quarter of the prior year , which preceded the start of these activities . $ 1.1 billion of cash , marketable securities and long - term investments at September 30 , 2021 , and $ 1.2 billion at November 9 , 2021 , with $ 571 million of unrestricted cash and no outstanding debt . Acquired Inner Spirit on July 20 , 2021 and entered into an agreement to acquire Alcanna Inc. ( " Alcanna ' ) , Canada's largest private liquor retailer , operating 171 locations , on October 7 , 2021 , subsequent to the end of the third quarter . " Our third quarter results reflect the initial impact of the business transformation led by Sundial's team over the last 10 months , " said Zach George , Chief Executive Officer of Sundial . " We remain focused on sustainable profitability and continued improvement in all aspects of our operations . Despite the ongoing challenges facing industry participants , our financial condition has never been stronger . Sundial is uniquely positioned relative to its peers as we seek to delight consumers and become a trusted industry partner . Our balance sheet strength enables our team to avoid short term pressures while working to improve the quality of our decision making . We expect that the achievement of our objectives will result in an aggregate base business that generates free cash flow in 2022. "