SNDL Acquires Delta 9 Cannabis' Debt, Ascends to Senior Secured Creditor Status

Core Viewpoint - SNDL Inc. has completed the acquisition of Delta 9 Cannabis Inc.'s principal indebtedness for CAD $28,138,284, becoming Delta 9's senior secured creditor with a total indebtedness of CAD $40,653,352 owed to SNDL [1][4]. Company Overview - SNDL is a public company traded on Nasdaq under the symbol "SNDL" and is the largest private-sector liquor and cannabis retailer in Canada, operating various retail banners [2]. - The company is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada, focusing on low-cost biomass sourcing, premium indoor cultivation, product innovation, and a diverse cannabis brand portfolio [2]. Debt Acquisition Details - The Debt Acquisition involves the purchase of the principal indebtedness of Delta 9 Cannabis Inc. from Connect First and Servus Credit Union Ltd. [1]. - As a result of this acquisition, SNDL holds a first priority security interest in all assets of Delta 9 and certain subsidiaries [4].