Delta 9 Announces Closing Of Transformative Retail Acquisition, $32 Million Credit Facilities And $10 Million Strategic Financing
Acquiring Company
Delta 9 Cannabis
Acquired Company
Retail
Canada
NetherlandsCommunity And LifestyleConsumer GoodsHealth CareFood And BeverageDescription
Delta 9 Cannabis Inc. (TSX: DN) (OTCQX: DLTNF) ("Delta 9" or “The Company”) is pleased to announce that it has closed a transaction with Uncle Sam’s Cannabis Ltd. (“Uncle Sam”) and Wissam El Annan to acquire all or substantially all of Uncle Sam’s assets relating to the operation of seventeen retail cannabis stores in Alberta (the “Uncle Sam Transaction”). The Company will also be closing it’s previously announced $32 million in credit facilities (the “Credit Facilities”) from Connect First Credit Union Ltd. (“connectFirst”).
Quick answer
Delta 9 Cannabis is acquiring Retail for $32 million, announced March 31, 2022. Delta 9 Cannabis is based in Canada.
- How much did Delta 9 Cannabis pay for Retail?
- The reported deal value is $32 million.
- What does Delta 9 Cannabis do?
- Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market.
- Where are Delta 9 Cannabis and Retail based?
- Delta 9 Cannabis is based in Canada. Retail is based in Netherlands.
Source: Fundz verified event record.
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Who to call at Delta 9 Cannabis, and when
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Frequently asked
Who acquired Retail?
Retail was acquired by Delta 9 Cannabis, based in Canada. The deal was reported on March 31, 2022. Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. Delta 9 Cannabis is privately held and operates in Community And Lifestyle.
When did Delta 9 Cannabis acquire Retail?
Delta 9 Cannabis's acquisition of Retail was reported on March 31, 2022. Delta 9 Cannabis Inc. (TSX: DN) (OTCQX: DLTNF) ("Delta 9" or “The Company”) is pleased to announce that it has closed a transaction with Uncle Sam’s Cannabis Ltd. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Retail do?
Automatisering voor de Retail sector It is privately held, and is based in Netherlands.
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