Mr. John Arbuthnot reports
DELTA 9 ACHIEVES MILESTONE AGREEMENT WITH AHAHSWINIS GREEN INVESTMENTS MICRO CULTIVATION PARTNER
Delta 9 Cannabis Inc. has completed its final service milestone under an agreement with Ahahswinis Green Investments Ltd., which is 100 per cent owned by Hupacasath First Nation. Ahahswinis is an arm's-length third party in which Delta 9 has no ownership control or interest.
As one of Delta 9's microcultivation partners, Ahahswinis entered into a strategic co-operation agreement (SCA) with the company whereby Delta 9 provides services relating to the cannabis production facility design and construction, development of standard operating procedures and sanitation programs, consulting on Health Canada licensing, and other services supporting the acquisition of the Health Canada licence. On Nov. 13, 2020, Ahahswinis confirmed it has reached its final milestone under the SCA and has been granted a cannabis microcultivation licence from Health Canada.
"We are pleased with having achieved this major milestone in our agreement with Ahahswinis and thrilled that they are the first Delta 9 microcultivators in Canada to be 100 per cent wholly owned by a first nation and receive a Health Canada licence for our proprietary and turnkey Grow Pod systems," said John Arbuthnot, founder and chief executive officer of Delta 9. "We are continuing to work with first nations in Canada to develop our microcultivation services so that our platform can be the go-to platform for cannabis entrepreneurs looking to produce premium-quality cannabis products."
The company's cannabis production methodology is based around a modular, scalable and stackable production unit called a Grow Pod, which are retrofitted standard 40-foot shipping containers. Ahahswinis's facility has been designed and built using this turnkey and state-of-the-art Grow Pod system. Once cultivation begins, Delta 9 plans to purchase premium-quality cannabis products from Ahahswinis for distribution through the company's established distribution network and through Delta 9's branded retail stores.
"I would like to thank Delta 9 for providing us with a turnkey platform to grow cannabis and for their continued support as we begin production in December, 2020," said James Tatoosh, president. "Their proven Grow Pod design made it easier to receive a Health Canada licence and apply and receive funding from the Nuu Chah Nulth Economic Development Corp. (NEDC). We look forward to being a part of this new industry, producing small-batch, premium-grown, craft cannabis."
The Hupacasath First Nation has owned and occupied its traditional territory in central Vancouver Island for thousands of years. Its goal is to enhance the quality of life for the first nation's people by providing jobs and economic development opportunities so families can support themselves. It has invested $1.9-million in the 4,560-square-foot microcultivation operation with 12 Delta 9 Grow Pods, located outside of Port Alberni, Vancouver Island, British Columbia.
About Delta 9 Cannabis Inc.
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 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. Delta 9's shares trade on the Toronto Stock Exchange under the symbol DN and on the OTCQX under the symbol VRNDF.
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