Delta 9 Cannabis (TSE:DN) has released an update.
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Delta 9 Cannabis Inc. has received a demand letter from SNDL Inc. for the repayment of credit facilities and a convertible debenture totaling over $27.8 million, alleging default on Delta 9’s obligations. The company admits to certain defaults and is planning discussions with SNDL to resolve the issue. Meanwhile, Delta 9 continues to explore strategic transactions to enhance company value.
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