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Delta 9 Cannabis Inc
Symbol DN
Shares Issued 90,495,748
Close 2020-12-15 C$ 0.56
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Delta 9 investment Oceanic opens Nfld. cannabis store

2020-12-15 18:10 ET - News Release

Mr. Ian Chadsey reports


Delta 9 Cannabis Inc. partner Oceanic Releaf Inc. has held a grand opening of Oceanic's first cannabis store in the province of Newfoundland and Labrador. The retail store is located in Burin Bay Arm and opened on Dec. 15, 2020. Delta 9 owns a 5-per-cent equity stake in Oceanic.

"With this newest store opening, we're extremely excited to be able to offer the residents of the Burin Peninsula the best selection of Delta 9 cannabis products and to work with Oceanic to create a world-class retail experience," said John Arbuthnot, chief executive officer of Delta 9. "We look forward to continuing to work with Oceanic on expanding their cultivation and retail operations in Newfoundland."

The new store will be the largest cannabis retail store in the area, offering a drive-thru option for customers that want to remain in their cars when they make a purchase. This will be the first drive-thru cannabis store in the area.

"This is a major milestone for Oceanic and an exciting day for the residents of the Burin Peninsula. Not only are we opening a socially responsible and beautiful store, we are also making waves with the first drive-thru cannabis retail store," said Taylor Giovannini, founder and president of Oceanic. "We are so excited to continue normalizing the cannabis industry and creating a genuine experience for all consumers. Offering coffee and multiple ways to purchase will elevate Oceanic's reach and brand. The drive-thru is also key in this ongoing pandemic we are all facing, and we are happy to adapt with the changing times."

At approximately 2,300 square feet, the Oceanic cannabis retail store is proud to serve the people of the Burin Peninsula. Located in the heart of the Burin Peninsula on the Main Street in Burin Arm Bay, close to the College of the North Atlantic Burin campus and regional hospital. Main Street is part of Highway 220 that is the main throughfare loop for the Placentia Bay side of Burin Peninsula that connects to the TransCanada.

The store is offering customers an open and modern shopping decor, highly trained staff, and a wide range of products, including dried cannabis flower, cannabis oil, edibles, drinkables, concentrates, coffee, tea and a full assortment of cannabis accessories. Members of the public can also sign up for free cannabis education courses offered in the store's education centre.

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. Delta 9's shares trade on the Toronto Stock Exchange under the symbol DN and on the OTCQX under the symbol VRNDF.

About Oceanic Releaf Inc.

Oceanic is a vertically integrated cannabis company operating out of a 65,000-square-foot cultivation facility. Oceanic is opening its first of two retail stores in December, 2020. Oceanic will offer fresh, clean products from one of the last unspoiled areas in the world. It will produce premium cannabis for both medicinal and recreational use. With a vast range of products that will suit each individual preference, the company's offerings are guaranteed to please. It believes that high-quality cannabis can change the world. Based in the rural Newfoundland setting of the Burin Peninsula, Oceanic's cultivation facility is housed in a converted secondary processing plant nestled in the community of Burin. Oceanic seeks to bring positive change to its communities through employment and wellness initiatives. The company believes Oceanic, its products and its retail experiences will reflect the best of what its province has to offer: creativity, personality and bravery -- an uncommon experience for the keen cannabis consumer.

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