SNDL Inc. Completes Acquisition of Delta 9 Cannabis Debt, Strengthening Position in Canadian Cannabis Market

SNDL Inc. (Nasdaq: SNDL) has announced the successful completion of its acquisition of the principal indebtedness of Delta 9 Cannabis Inc. The Debt Acquisition, valued at CAD $28,138,284, was finalized through a purchase and sale of indebtedness agreement dated July 5, 2024. SNDL now holds the position of Delta 9’s senior secured creditor, with a first priority security interest in all of Delta 9’s assets and certain subsidiaries. This transaction brings Delta 9’s total indebtedness to SNDL to CAD $40,653,352.

SNDL Inc., a public company trading on the Nasdaq under the symbol “SNDL,” is the largest private-sector liquor and cannabis retailer in Canada. The company operates various retail banners, including Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. SNDL is also a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada. Their expertise lies in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a diverse cannabis brand portfolio.

SNDL’s cannabis brand portfolio includes Top Leaf, Contraband, Palmetto, Bon Jak, Versus, Value Buds, and Vacay. The company’s strategic investment portfolio focuses on deploying capital through direct and indirect investments and partnerships within the North American cannabis industry.

This acquisition further strengthens SNDL’s position in the Canadian cannabis market, allowing them to expand their presence and offerings. By becoming Delta 9’s senior secured creditor, SNDL gains valuable assets and resources that will contribute to their continued growth and success.

For more information on SNDL Inc. and their operations, please visit their website at https://sndl.com/.

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