Shareholder Loans Almost $5M To Delta 9 Cannabis

DELTA 9 CANNABIS INC. DLTNF DN has obtained a loan from a shareholder in the amount of $4.99 million that is due on July 15, 2025. The Loan shall bear interest at 6% per annum and is payable monthly.

About Delta 9 Cannabis Inc.

Delta 9 Cannabis Inc. is a vertically integrated cannabis company. Delta 9's wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis and operates an 80,000 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.

Photo: Courtesy of Mackenzie Marco on Unsplash

Related News

Delta 9 Claims To Be Launching Canada's First Mobile Cannabis Store, Opening 35th Cannabis Retail Store

Delta 9 & Fire & Flower Enter Into Separate Agreements With Manitoba To Become Cannabis Distributors

Delta 9 Cannabis 2021 Loss From Operations Grows 171% To $7.6M, Reports Record Revenues

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisNewsPenny StocksMarkets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis rescheduling seems to be right around the corner

Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.


Loading...