CALGARY,
AB, July 5, 2024 /CNW/ - SNDL Inc. (Nasdaq:
SNDL) ("SNDL" or "The Company") today announced that
it has completed the acquisition (the "Debt Acquisition") of
the principal indebtedness (the "Purchased Indebtedness") of
Delta 9 Cannabis Inc. ("Delta 9") from Connect First and
Servus Credit Union Ltd. ("CFCU") for a purchase price of
CAD $28,138,284 pursuant to a
purchase and sale of indebtedness agreement dated July 5, 2024.
As a result of the Debt Acquisition, SNDL has become Delta 9's
senior secured creditor with a first priority security interest in
all of the assets of Delta 9 and certain Delta 9 subsidiaries. The
Purchased Indebtedness brings Delta 9's total indebtedness owing to
SNDL to CAD $40,653,352.
ABOUT SNDL INC.
SNDL is a public company whose shares are traded on the Nasdaq
under the symbol "SNDL." SNDL is the largest private-sector liquor
and cannabis retailer in Canada
with retail banners that include Ace Liquor, Wine and Beyond,
Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. SNDL
is a licensed cannabis producer and one of the largest vertically
integrated cannabis companies in Canada specializing in low-cost biomass
sourcing, premium indoor cultivation, product innovation, low-cost
manufacturing facilities, and a cannabis brand portfolio that
includes Top Leaf, Contraband, Palmetto, Bon Jak, Versus, Value
Buds, and Vacay. SNDL's investment portfolio seeks to deploy
strategic capital through direct and indirect investments and
partnerships throughout the North American cannabis industry. For
more information on SNDL, please go to https://sndl.com/.
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SOURCE SNDL Inc.