Delta-9 Cannabis Inc.
(TSX: V.NINE,OTCQB: VRNDF,Forum) stated on Wednesday that it has come to terms on a $12 million loan and credit facility with a Tier 1 Canadian chartered bank. Under the agreement, there will be four separate loan segments, each allocated for a different purpose, with its own terms.
To find out more about these loans and their specific terms, click
here.
Delta 9 recently made news when it retained the services of Hybrid Financial Inc. for investor relations services. Hybrid will receive a monthly retainer of $14,000 and a one-time issuance of 250,000 incentive stock options.
FULL DISCLOSURE: Delta-9 Cannabis Inc. is a paid client of Stockhouse Publishing.