Delta 9 to Supply Cannabis to Private Retail Sector in Province of Saskatchewan
WINNIPEG, MB / TheNewswire / February 27, 2019 - DELTA 9 CANNABIS INC. (TSXV: NINE) (OTCQX: VRNDF) ("Delta 9" or the "Company") is pleased to announce that the Saskatchewan Liquor and Gaming Authority has authorized the Company to supply cannabis directly to the province's retail and wholesale markets.
Since the legalization of recreational use cannabis last October, Delta 9 has focused on building capacity and market share in the Manitoba market. We have built out our supply chain and are now making regular shipments to all retailers in the province of Manitoba
said John Arbuthnot, CEO of Delta 9.
As we build out our cultivation facilities and processing facilities and see increased capacity, we will be able to approach new provincial markets with a similar strategy. We are pleased to offer Saskatchewan retailers the opportunity to access Delta 9's premium branded cannabis products
The Company plans to make its first shipment to retailers in the province of Saskatchewan in the first quarter of 2019. Delta 9 is in continued discussions with other provinces, territories and private retail outlets and plans to enter into additional supply agreements during the course of 2019.
For more information contact:
Investor & Media Contact:
Ian Chadsey VP Corporate Affairs
Delta 9 is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. Delta 9's wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical marijuana pursuant to the ACMPR and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. Delta 9 owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. Delta 9's shares trade on the TSX Venture Exchange under the symbol "NINE" and on the OTC under the symbol VRNDF. For more information, please visit delta9.ca.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to: (i) Delta 9's sales of cannabis in Saskatchewan; and (ii) Delta 9's plans to enter into additional supply agreement. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including the willingness of other parties to enter into new supply agreements with Delta 9, as well as all risk factors set forth in the annual information form of Delta 9 dated May 31, 2018 which has been filed on SEDAR. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.