In the prospectus, Sundial described plans to conduct an "equity distribution" whereby it would create up to $800 million worth of new common stock and sell it "from time to time through ... our sales agents."
Sundial described how its shares have "experienced extreme volatility," ranging in price from as low as $0.14 per share to as high as $2.95 per share over the past year, despite there being "no recent change in our financial condition or results of operations."
Why Sundial felt it necessary to describe this volatility as part of its sales prospectus is unclear, but logically, the disclosure might serve two purposes. First, it might explain why Sundial is not proposing to sell its shares at any specific price (because the price wobbles so much). Second, it might imply an intention by management to take advantage of these price zooms by refraining from selling shares when its share price seems too low -- but pouncing on price spikes to sell shares when they are more popular.
That would explain the "from time to time" language.