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Sundial Growers, (SNDL) the Calgary cannabis company, launched its initial public offering in the U.S. and Canada.

The company will offer 10 million shares at an estimated $12 to $14 each. The underwriters have an option on an additional 1.5 million common shares. 

Sundial is seeking to list the shares on the Nasdaq Global Select Market under the ticker symbol SNDL.

Cowen, BMO Capital and RBC will act as joint book-running managers for the IPO. Barclays and CIBC Capital Markets will be book runners while Scotiabank will act as co-manager. 

Sundial operates five facilities; two in Alberta and three in the U.K. The company is working on a third Canadian facility in British Columbia.