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Delta 9 Cannabis (TSX:DN) obtains $5M loan from shareholder

Cannabis
TSX:DN
25 April 2022 13:45 (EDT)
Delta 9 Cannabis - CEO, John Arbuthnot.

Source: Delta 9 Cannabis.

Delta 9 Cannabis (DN) has obtained a $4,990,264.37 loan from a shareholder due on July 15, 2025.

The loan shall bear interest at 6 per cent per annum, payable monthly.

Delta 9 Cannabis Inc. is a cannabis company focused on bringing high-quality cannabis products to market.

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.

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

Delta 9 Cannabis Inc. (DN) is unchanged on the day, trading at C$0.295 per share at 1:45 pm ET.

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