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.
9 months ago
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