Sundial Growers Inc. (NASDAQ:SNDL) expects to file its audited consolidated financial statements for the year ended December 31, 2021, annual management’s discussion and analysis for the same period, annual information form for the same period and management certifications of annual filings, on or before April 29, 2022, which will be within the applicable U.S. filing deadline.
The principal reason for the delay is the significant amount of additional work and in-depth procedures required to be performed by the company and its external auditor as 2021 is the first year that the company is required to have an auditor attestation report on its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act of 2002. The company becoming subject to the requirement to obtain an auditor attestation report on internal control over financial reporting is a function of the rapid growth in scale and level of corporate activity Sundial has achieved over the last two years.
