Sundial Growers Inc (SNDL)

[Canna_Business]

The Royalty is payable for 32 fiscal quarters.

(i) 3.5% of Net Cannabis Revenue where Net Cannabis Revenue does not exceed $25 million;

(ii) 3.0% of Net Cannabis Revenue where Net Cannabis Revenue exceeds $25 million but not $30 million;

(iii) 2.5% of Net Cannabis Revenue where Net Cannabis Revenue exceeds $30 million but not $37.5 million; and

(iv) 2.0% of Net Cannabis Revenue where Net Cannabis Revenue exceeds $37.5 million.