Delta 9 receives first cannabis sales license in Manitoba, The Canadian Business Journal

WINNIPEG, Manitoba, OCTOBER 24, 2022 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”) has acquired its subsidiary, Delta 9 Logistics Inc. and holds a Cannabis Distributor License (“License”) from the Liquor Gaming and Cannabis Authority (“LGCA”) in Manitoba, making the company the first licensed distributor of cannabis products in the state. I’m here. .

Under the license, Delta 9 is authorized to acquire, store, sell and distribute cannabis in accordance with the Liquor, Gambling and Cannabis Control Act (Manitoba). The company’s delivery services enable out-of-state suppliers to improve logistical efficiencies and reduce transportation costs to Manitoba markets, while also providing diversified revenue streams for Delta 9.

Delta 9 CEO Jon Arbuthnot said: Winnipeg makes us the ideal provider of these market services. ”

According to Statistics Canada data, retail cannabis sales in Manitoba exceeded $169 million for the 12 months ending August 30, 2022, with over 150 licenses as of September 30, 2022. retail stores are open. The Company plans to begin entering into sales agreements. We will begin working with our suppliers immediately, with shipments expected to begin in Q4 2022.

The company license is valid from 20th October 2022 and will expire on 30th September 2023.

For more information, please contact:

Investor and Media Contacts:
Ian Chadsey, Vice President, Corporate Affairs
mobile: 204-898-7722
Email: [email protected]

About Delta 9 Cannabis Inc.

Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. Delta 9 Bio-Tech Inc., a wholly owned subsidiary of Delta 9, is a licensed producer of medical and recreational cannabis and in Winnipeg, Manitoba, Canada, he operates an 80,000 square foot production facility. Delta 9 owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. Delta 9 shares are traded on the Toronto Stock Exchange under the symbol ‘DN’ and on the OTCQX under the symbol ‘DLTNF’. For more information, please visit www.delta9.ca.

Forward-Looking Information Disclaimer

Certain statements in this release are forward-looking statements and reflect management’s expectations regarding the Company’s future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include statements regarding (i) our intention to provide distribution services in Manitoba and (ii) our ability to generate revenue from distribution services. Such statements are subject to risks and uncertainties that could cause actual results, performance or developments to differ materially from those contained in the statements. This includes any unexpected failure of our delivery service and all of the risk factors described in our Annual Information Form. Delta 9 dated March 31, 2022 submitted to SEDAR. No assurance can be given that the events anticipated in forward-looking statements will occur or how we will benefit from them if they do occur. Readers are urged to consider these factors carefully when evaluating the forward-looking statements contained in this news release. You should also be careful not to place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof, and we intend to publicly update any forward-looking statements as a result of new information, future events, results or otherwise. or disclaim any obligation. law.

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