CALGARY, AB, July 5, 2024 (PRNewswire) SNDL Inc. (Nasdaq: SNDL) (“SNDL” or “The Company”) today announced the completion of 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”). The purchase price for this acquisition was $28,138,284, as per the purchase and sale of indebtedness agreement dated July 5, 2024.

Following the debt acquisition, SNDL has become Delta 9’s senior secured creditor, securing a first-priority security interest in all assets of Delta 9 and certain subsidiaries. This acquisition increases Delta 9’s total indebtedness to SNDL to CAD $40,653,352.

About SNDL Inc.

SNDL Inc. (Nasdaq: SNDL) is a prominent public company and the largest private-sector liquor and cannabis retailer in Canada. Operating under well-known retail banners such as Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis, SNDL has established a significant presence in the retail market.

In addition to its retail operations, SNDL is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada. The company excels in low-cost biomass sourcing and premium indoor cultivation, ensuring the highest quality products for its customers. SNDL is also recognized for its innovative approach to product development and its efficient, low-cost manufacturing facilities. This vertical integration allows SNDL to maintain control over the entire production process, from cultivation to retail, ensuring consistent quality and cost efficiency.

SNDL’s diverse cannabis brand portfolio is a testament to its commitment to variety and quality. The portfolio includes brands such as Top Leaf, Contraband, Palmetto, Bon Jak, Versus, Value Buds, and Vacay, each catering to different segments of the cannabis market. Whether consumers are looking for premium, high-quality products or more affordable options, SNDL’s brands provide a wide range of choices to meet varying preferences and needs.

Beyond its core operations, SNDL strategically deploys capital through its investment portfolio, focusing on direct and indirect investments and partnerships across the North American cannabis industry. This strategy allows SNDL to expand its market presence and capitalize on growth opportunities within the rapidly evolving cannabis sector. By investing in promising ventures and forming strategic alliances, SNDL not only enhances its competitive edge but also contributes to the broader development of the cannabis industry.

SNDL’s comprehensive approach, from retail operations and brand diversification to strategic investments, positions it as a leader in both the liquor and cannabis markets. The company’s ability to innovate, maintain high standards of quality, and strategically expand its reach underscores its commitment to growth and leadership in the industry.

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Conclusion

The acquisition of Delta 9’s principal indebtedness by SNDL not only strengthens SNDL’s position as a key creditor but also underscores its strategic expansion within the cannabis industry. With a robust portfolio that spans both the liquor and cannabis sectors, SNDL is well-positioned to leverage its market presence and drive growth.

The company’s focus on innovation, strategic investments, and vertical integration sets it apart in a competitive market. Whether you are a current investor or considering adding SNDL to your portfolio, understanding its recent moves and market strategies is crucial.

For a detailed look into SNDL’s operations and prospects, visit their official website at https://sndl.com/. Stay informed, and consider leveraging tools like ProPicks to maximize your investment potential.