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Delta 9 Cannabis partner receives five new retail cannabis store licences
The company said its strategic partner Oceanic Relief has received the licenses from The Newfoundland and Labrador Liquor Corporation Delta 9 owns a 5% stake in Oceanic’s production facility operations, existing retail store, and retail store expansion plans
Delta 9 Cannabis Inc (TSE:DN) (OTCQX:DLTNF) said its strategic partner Oceanic Relief Inc has been granted five new cannabis retail store licenses in the province of Newfoundland and Labrador from The Newfoundland and Labrador Liquor Corporation (NLC).
Oceanic has a Strategic Cooperation Agreement (SCA) with Delta 9 that provides a variety of services relating to cannabis production, the development of standard operating procedures and sanitation programs, and marketing services to develop the Oceanic brand and other services supporting the acquisition of its Health Canada license.
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Bragg Gaming Group (TSE:BRAG) (OTC:BRGGD) announced that it has acquired Wild Streak Gaming, a Las Vegas-based content creation studio with a portfolio of 39 premium casino slot titles supported across online and land-based applications. Under the terms of the deal, the sellers of Wild Streak received US$10 million in cash at closing and will receive US$20 million in Bragg stock over the next three years. Similar to Bragg’s pending acquisition of Spin Games, announced on May 12, the WIld Streak transaction increases the company’s ability to distribute and develop high-quality online casino content to the US market in-house.