VRNDF - Delta 9 to acquire Saskatchewan Retail Cannabis Store

Delta 9 Cannabis (VRNDF) enters into an asset purchase agreement to acquire from Auxly Cannabis Group and Kolab Project all or substantially all of the assets relating to the operation of a retail cannabis store in Lloydminster, Saskatchewan.The acquisition is anticipated to be completed through the company’s wholly-owned subsidiary, Delta 9 Cannabis Store.The purchase price for the transaction is $875,000, of which $750,000 will be satisfied through the issuance of common shares, and $125,000 in cash on the closing date of the proposed transaction.CEo Hugo Alves adds:  “The sale of our Lloydminster cannabis store enables us to further prioritize and reinforce our efforts in our core business of developing and manufacturing high-quality, branded cannabis products. As one of our long-standing partners, we couldn’t be more confident that Delta 9 is the perfect fit to support and continue to supply consumers in the Saskatchewan community.”

For further details see:

Delta 9 to acquire Saskatchewan Retail Cannabis Store