Delta 9 Cannabis (TSE:DN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Delta 9 Cannabis Inc. has entered into a strategic agreement with The FIKA Company, aimed at restructuring the business to benefit both shareholders and creditors amidst seeking creditor protection. The company has obtained an initial order under the CCAA, which includes a stay of creditor claims, and has arranged a term sheet with The FIKA Company to acquire its retail and logistics operations, while also planning a sale for its production assets.
For further insights into TSE:DN stock, check out TipRanks’ Stock Analysis page.