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Delta 9 Cannabis Inc
Symbol DN
Shares Issued 87,963,478
Close 2020-05-25 C$ 0.62
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Delta 9 plans to open up to 12 stores in Manitoba

2020-05-25 18:13 ET - News Release

Mr. John Arbuthnot reports

DELTA 9 APPLAUDS MANITOBA RETAIL CANNABIS EXPANSION

Delta 9 Cannabis Inc. says it is pleased to see the Manitoba government pushing forward on the third phase of its retail cannabis expansion.

Delta 9 will be undertaking multiple expansion strategies and applying for licences to open additional cannabis retail outlets in Manitoba, as a part of the third phase of retail cannabis expansion announced last week by the Manitoba government.

On Friday, May 22, 2020, Manitoba Minister of Crown Services Jeff Wharton announced that the Manitoba government would be moving forward on its plan for an open and competitive cannabis retail market. Beginning June 1, 2020, the Province will open the cannabis retail application process to all prospective retailers for a new controlled-access licence as well as the previous age-restricted licence for operators of stand-alone retail stores.

"This move will enable local entrepreneurs to create jobs and support Manitoba's economy, which is a critical step as we work toward rebuilding Manitoba in the wake of COVID-19," said Mr. Wharton.

"We are very pleased with the government's announcement to expand and create an open and competitive cannabis retail landscape in the province. As Manitoba's largest cannabis industry employer and only vertically integrated cannabis company, we feel we are uniquely qualified to provide this important product and service to Manitobans," said John Arbuthnot. "We look forward to supporting the government's initiative and continuing to invest and create jobs here in the province."

In response to this announcement, the company will undertake multiple strategies in its Manitoba retail expansion, namely:

  • The company will continue to build out a chain of corporate-owned-and-operated Delta 9 cannabis store branded store fronts across the province. The company plans to open up to 12 retail locations over the next 24 months.
  • The company is exploring franchise opportunities, which would allow local entrepreneurs to open stand-alone Delta 9 cannabis store branded store fronts under the age-restricted licence category. The company will provide its franchise partners with a turnkey platform, which leverages the benefits of its expertise in cannabis retail including, store design, training and staff education programs, inventory tracking, financial plans, standard operating procedures, and systems, as well as support from its corporate head office.
  • The company is exploring franchise opportunities to open Delta 9 Express store-in-store operations under the controlled-access licence category. The company will partner with retail operators, such as gas stations, hoteliers and convenience stores to provide a turnkey platform for such retailers to add Delta 9 cannabis products to their product offerings as well as providing training and staff education programs, inventory tracking, and support from its corporate head office.

Parties who are interested in establishing an age-restricted or controlled-access Delta 9 franchise should contact the company at franchise.opportunities@delta9.ca.

About Delta 9 Cannabis Inc.

Delta 9 Cannabis is a vertically integrated cannabis company focused on bringing the highest-quality cannabis products to market. The company sells cannabis products through its wholesale and retail sales channels, and sells its cannabis grow pods to other businesses. Delta 9's wholly owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis, and operates an 80,000-square-foot production facility in Winnipeg, Man., Canada. Delta 9 owns and operates a chain of retail stores under the Delta 9 cannabis store brand.

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