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SNDL Acquires Connect First Debt and Becomes Senior Secured Creditor of Delta 9

Delta 9 Cannabis Inc.

WINNIPEG, MB –  TheNewswire - July 8, 2024 – DELTA 9 CANNABIS INC. (TSX: DN) (OTC: DLTNF) (“Delta 9” or the “Company”) announces today that on July 5, 2024, SNDL Inc. (“SNDL”) acquired the entire indebtedness of the Company held by Connect First and Servus Credit Union Ltd. for an aggregate purchase price of $28,138,284.

Accordingly, SNDL, which is now owed an aggregate of approximately $40,653,352 by the Company, has become the senior secured creditor of the Company with a first priority security interest in all of the assets of the Company and certain of the Company’s subsidiaries.

In the coming days, the Company plans to discuss the status of this indebtedness with SNDL.

About Delta 9 Cannabis Inc.

Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest

quality cannabis products to market. The Company sells cannabis products through its wholesale

and retail sales channels and sells its cannabis grow pods to other businesses. Delta 9’s wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational

cannabis and operates a 95,000 square foot production facility in Winnipeg, Manitoba, Canada.

Delta 9 owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. Delta

9’s shares trade on the Toronto Stock Exchange under the symbol “DN” and on the OTC under

the symbol “DLTNF”. For more information, please visit

Disclaimer for Forward-Looking Information


Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including with respect to future negotiations between Delta 9 and SNDL as well as all risk factors set forth in the annual information form of Delta 9 dated March 28, 2024 which has been filed on SEDAR+. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward looking statements, which are qualified in their entirety by these cautionary statements. These forward looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.