SNDL Inc., a Nasdaq-listed cannabis company, acquired Delta 9 Cannabis's CAD $28.1M debt, becoming a senior secured creditor.

SNDL Inc., a Nasdaq-listed cannabis company, acquired Delta 9 Cannabis's CAD $28.1M debt from two credit unions. The deal gives SNDL senior secured creditor status and first priority on Delta 9's assets, raising Delta 9's total owed indebtedness to SNDL to CAD $40.6M. SNDL is Canada's largest private-sector liquor and cannabis retailer and a major vertically-integrated cannabis company.

July 06, 2024
3 Articles