SNDL's 'Aggressive' Loan-To-Own Strategy Forces Delta 9 Cannabis Co. To Seek CCAA Protection
Delta 9 Cannabis Inc. (OTC: DLTNF) said on Monday that it had obtained an initial order for creditor protection from the Court of King's Bench of Alberta under the Companies Creditors Arrangement Act (CCAA). The Initial order provides for a 10-day stay of creditor claims and proceedings concerning Delta 9 and its subsidiaries, Delta 9 Logistics Inc., Delta 9 Bio-Tech Inc., Delta 9 Lifestyle Cannabis Clinic Inc. and Delta 9 Cannabis Store Inc.
