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Delta 9 Cannabis Inc
Symbol DN
Shares Issued 90,495,748
Close 2020-12-21 C$ 0.54
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Delta 9 Cannabis to open ninth dispensary

2020-12-21 18:10 ET - News Release

Mr. John Arbuthnot reports

DELTA 9 TO OPEN NINTH CANNABIS RETAIL STORE

Delta 9 Cannabis Inc. has opened its ninth Delta 9 Cannabis retail store and sixth cannabis store in the province of Manitoba. Delta 9's newest retail store is located in the city of Winnipeg and is scheduled to open on Dec. 22, 2020.

"We're excited to bring Delta 9 and our many brand partners to the residents of Transcona and surrounding areas while contributing to their community as a socially responsible and community-oriented business," said John Arbuthnot, chief executive officer of Delta 9. "Winnipeg has been an amazing market for us, and we want to continue to invest and grow here. Our retail strategy is to offer some of the best selection of cannabis products at the lowest prices from the most popular cannabis manufacturers in Canada."

Delta 9 now has six stores open servicing Manitobans and nine in total across Canada. The company plans to open up to 20 total Delta 9 retail stores by 2022 and has a long-term vision of opening many more Delta-9-branded retail stores across Canada.

Delta 9's welcoming retail cannabis concept, combined with a focus on convenient and high-traffic shopping destinations, have been a successful part of the company's overall vertical integration strategy. At approximately 1,800 square feet, the newest Delta 9 cannabis store is situated at the major intersection of Regent Avenue (Route 37) and Lagimodiere Boulevard (Route 59). This intersection is the focal point for over 2.5 million square feet of retail businesses making it the city's second-largest shopping destination. The surrounding area tenants include: Walmart, Home Depot, Costco, Superstore, Rona, Canadian Tire, Princess Auto, Goodlife Fitness, Kildonan Place Shopping Centre and Sobey's. The Regent and Lagimodiere Boulevard traffic corridor in northeast Winnipeg sees over 95,000 vehicles every day and is the busiest shopping district in the vicinity.

The new store offers customers an open and modern shopping decor, highly trained staff, and a wide range of products, including dried cannabis flower, cannabis oil, edibles, drinkables, vape pens, concentrates, a full assortment of cannabis accessories, and will provide touchless click and collect service. Members of the public can also sign up for free cannabis education courses offered in the store's education center.

"We've seen the value that brick-and-mortar retail stores bring to our consumers; welcoming new guests to learn about cannabis, building relationships in new communities and we're excited to contribute to the local economy," said Mr. Arbuthnot. "We will continue to grow our retail footprint and establish ourselves as a large volume cannabis retailer in Canada."

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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