SNDL Strengthens Hold as Senior Secured Creditor

SNDL (SNDL) has released an update.

SNDL Inc. has bolstered its position in the cannabis market by purchasing the outstanding debt of Delta 9 Cannabis Inc., totaling CAD $28.1 million, becoming the company’s senior secured creditor with rights to Delta 9’s assets. This strategic move increases Delta 9’s total debt to SNDL to CAD $40.6 million, further expanding SNDL’s already extensive portfolio of liquor and cannabis retail operations and branded products in Canada.

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