Nova Cannabis : Form 52-102F3 Material Change Report

	Form 51-102F3
	Material Change Report
ITEM 1	Name and Address of Company
	Nova Cannabis Inc. ("Nova" or the "Company")
	101, 17220 Stony Plain Road NW
	Edmonton, AB T5S 1K6
ITEM 2	Date of Material Change
	March 30, 2022
ITEM 3	News Release
	A press release was issued via Cision and filed on SEDAR on March 31, 2022.
ITEM 4	Summary of Material Change
	The Company announced changes to both its Board of Directors (the "Board") and
	management team in connection with the completion of the acquisition (the "Acquisition")
	of all of the issued and outstanding common shares of Alcanna Inc. ("Alcanna") by Sundial
	Growers Inc. ("Sundial"). Pursuant to the Acquisition, Sundial indirectly acquired an
	approximately 63% ownership interest in Nova, as Alcanna is the registered holder of
	35,750,000 Nova common shares.
ITEM 5	Full Description of Material Change
	Nova announced changes to both its Board and management team in connection with the
	completion of the Acquisition.
	James Burns (former Board Chair), Thomas Bitove, Ross Sinclair, Marvin Singer and
	Darren Karasiuk all resigned from the Board while Ron Hozjan will continue to serve as
	a director of the Company and has been appointed the new Chair of the Audit Committee.
	The Company also announced the resignation of Darren Karasiuk as President and Chief
	Executive Officer and that current Chief Operating Officer, Marcie Kiziak, has been
	named President and Chief Executive Officer of Nova and President, Cannabis Retail of
	Sundial, effective immediately.
	Furthermore, Cameron Sebastian has been named Nova's Chief Financial Officer and
	Corporate Secretary, while David Gordey, the Company's former Chief Financial Officer,
	will be continuing a senior management role with Sundial.
	Composition of the Board
	As a result of the foregoing, Nova announced the appointment of the following new Board
	members, each of whom brings unique skills and experiences to the Company.

• Zach George, Chair
  o Chief Executive Officer, Sundial
• Anne Fitzgerald, Lead Independent Director

1. Former Chief Legal Officer and Corporate Secretary, Cineplex Inc.

2

• Marcie Kiziak

• 1. President and Chief Executive Officer, Nova
  1. President, Cannabis Retail, Sundial
• Christopher Pelyk
• 1. Vice President, Store Development Global, Arcteryx
• Jeffrey Dean
• 1. Managing Partner, Maven Capital
• Shari Mogk-Edwards
• 1. Founder, Shari's Picks Consulting

1. Former Vice President, Product, Sales and Merchandising, Liquor Control Board of Ontario

	Following the foregoing appointments and reorganization of the Board, a total of five (5)
	out of the seven (7) directors are considered to be "independent" for the purposes of
	applicable securities legislation.
	Further details regarding the Acquisition and the transactions related thereto are set out
	in the arrangement agreement between Alcanna and Sundial dated October 7, 2021, as
	amended January 6, 2022, which has been filed under Alcanna's profile on SEDAR at
	www.sedar.com.
ITEM 6	Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
	Not applicable.
ITEM 7	Omitted Information
	Not applicable.
ITEM 8	Executive Officer
	For further information, please contact Nova., Marcie Kiziak, Chief Executive Officer,
	Tel: [phone], Email: [e-mail].
ITEM 9	Date of Report
	Dated as of April 8, 2022.