06:09 AM EDT, 07/08/2024 (MT Newswires) -- SNDL over the weekend said it has completed the purchase of the principal debt of Delta 9 Cannabis ( DLTNF ) from Connect First and Servus Credit Union for about $28.1 million.

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 debt brings Delta 9's total debt owed to SNDL to $40.7 million.