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Delta 9 Cannabis Inc
Symbol DN
Shares Issued 101,940,350
Close 2021-02-04 C$ 0.52
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Delta 9 completes final Dry Island services milestone

2021-02-04 09:14 ET - News Release

Mr. Ian Chadsey reports

DELTA 9 ACHIEVES MILESTONE IN AGREEMENT WITH MICRO CULTIVATION PARTNER

Delta 9 Cannabis Inc. has completed its final services milestone under an agreement with Alberta-based microcultivation partner Dry Island Ltd. Dry Island is an arm's-length third party in which the company has no ownership control or interest.

On Jan. 29, 2021, Dry Island confirmed it had reached its final milestone under the strategic co-operation agreement (SCA) and has been granted its cannabis microcultivation licences from Health Canada.

As one of Delta 9's microcultivation partners, Dry Island entered into a strategic co-operation agreement with the company whereby Delta 9 provides services relating to the cannabis production, development of standard operating procedures and sanitation programs, consulting on Health Canada licensing, marketing services to develop the Dry Island brand and other services supporting the acquisition of the Health Canada licence.

"We are delighted that Dry Island has received a Health Canada licence for 12 of our proprietary and turnkey Grow Pod systems and we look forward to helping them grow their facilities into the future," said John Arbuthnot, founder and chief executive officer of Delta 9. "Our turnkey platform for Grow Pods and services continues to prove one of the best options for cannabis industry entrepreneurs seeking licensing and support services."

The company's cannabis production methodology is based around a modular, scalable and stackable production unit called a Grow Pod, which are based on retrofitted 40-foot shipping containers. Dry Island's production facility has been designed and purpose 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 Dry Island for distribution through the company's established distribution network, and through Delta 9's nine branded retail stores. Delta 9 has now successfully sold over 250 Grow Pods to third party facilities across Canada.

"Dry Island is a business partnership owned and self funded cannabis grower based in Stettler, Alta., and is proud to have used all local trades in the construction of our facility. We have plans to service the recreational cannabis market in Western Canada," said the Dry Island management team. "The business partners, some who are in Precast concrete construction, built a 5,200-square-foot purpose-built facility and installed a state-of-the-art production facility that incorporates all the latest technology for growing cannabis."

Dry Island has developed a state-of-the-art microcultivation facility on an one-half-acre parcel of land in Stettler, Alta., that is half way between Calgary and Edmonton. This new facility houses a microcultivation licence, including 12 new Grow Pod systems, and a proprietary craft growing approach developed by Delta 9. Dry Island's initial plan is to focus on growing two strains of over 20 tetrahydrocannabinol before it expands its product offering. Dry Island owns two additional half-acre adjacent lots to the property which are slated for future expansion.

The well-rounded Dry Island team has a strong entrepreneurial background, with experience in construction and agriculture. The Dry Island team is committed and passionate about growing premium craft cannabis and looks forward to building a leading craft cannabis company in Alberta.

About Delta 9 Cannabis Inc.

Delta 9 Cannabis 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.

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