SNDL (NASDAQ:SNDL) has announced the acquisition of the principal indebtedness of Delta 9 Cannabis from Connect First and Servus Credit Union for CAD $28,138,284.

This acquisition elevates SNDL to the status of Delta 9's senior secured creditor, with a first-priority security interest in all of Delta 9's assets and certain subsidiaries.

This purchase increases Delta 9's total indebtedness to SNDL to CAD $40,653,352.