Share Capital and Warrants (Tables)

12 Months Ended

Dec. 31, 2021

Share Capital And Warrants [Abstract]

(b)

Issued and outstanding

		December 31, 2021					December 31, 2020
	Note	Number of Shares		Carrying Amount			Number of Shares			Carrying Amount
Balance, beginning of year			918,844,133		762,046			107,180,423			509,654
Share issuances			956,806,648		977,425			337,696,867			176,931
Share issuance costs			—		(16,371	)		—			(5,593	)
Acquisition	5		24,431,278		26,216			—			—
Convertible debenture settlement	5		2,488,754		2,671			373,371,318			63,002
Disposition of Bridge Farm	6		—		—			(2,716,271	)		(38,447	)
Derivative warrants exercised	19		152,146,950		277,136			102,836,429			55,912
Warrants exercised	23(c)		195,711		178			—			—
Employee awards exercised⁽¹⁾	24(c)		5,494,883		6,403			475,367			587
Balance, end of year			2,060,408,357		2,035,704			918,844,133			762,046

(1)

Included in employee awards exercised are 875,000 RSUs that vested and were exercised in December 2020; however, the common shares were not issued until January 2021. Excluded from employee awards exercised are 500,000 RSUs that vested and were exercised in December 2021; however, the common shares were not issued until January 2022.

Summary of Common Share Purchase Warrants

(c)

Common share purchase warrants

	Number of Warrants			Carrying Amount
Balance at December 31, 2019		6,165,324			27,831
Warrants issued		544,000			306
Warrants expired		(3,232,434	)		(5,908	)
Warrants cancelled		(2,452,890	)		(16,091	)
Balance at December 31, 2020		1,024,000			6,138
Acquisition (note 5)		2,097,828			1,771
Warrants issued		640,000			361
Warrants exercised		(195,711	)		(178	)
Balance at December 31, 2021		3,566,117			8,092

Summary of Outstanding Warrants

The following table summarizes outstanding warrants as at December 31, 2021:

	Warrants outstanding and exercisable
Issued in relation to	Weighted average exercise price		Number of warrants		Weighted average contractual remaining life (years)
Acquisition of financial obligation		15.94		480,000		0.5
Financial services		4.60		544,000		7.6
Acquired from Inner Spirit⁽¹⁾		0.34		1,902,117		2.2
Sun 8		0.94		640,000		4.0
		3.20		3,566,117		3.1

(1)

Inner Spirit warrants are exchangeable for 0.0835 Sundial common shares in accordance with the Inner Spirit Transaction consideration (note 5) and have been presented based on the number of Sundial common shares that are issuable.