Delta 9 Cannabis (TSE:DN) has released an update.
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Delta 9 Cannabis Inc. has entered into a strategic agreement with The FIKA Company, aimed at restructuring the business to benefit both shareholders and creditors amidst seeking creditor protection. The company has obtained an initial order under the CCAA, which includes a stay of creditor claims, and has arranged a term sheet with The FIKA Company to acquire its retail and logistics operations, while also planning a sale for its production assets.
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