Delta 9 Announces Two Locations for Cannabis Retail Stores in Manitoba
WINNIPEG, Sept. 24, 2018 /PRNewswire/ - DELTA 9 CANNABIS INC. (TSXV: NINE) (OTCQX:VRNDF) ("Delta 9" or the "Company") is pleased to announce the locations for two cannabis retail stores in the Province of Manitoba.
One of the retail outlets is a cannabis 'superstore' located in the busy St. Vital area in southern Winnipeg. The second is located in the downtown shopping area of Thompson, in northern Manitoba.
The Winnipeg location is a 3,200 square foot outlet located in St. Vital Square at 827 Dakota Street, and is expected to open its doors to the public on October 17, the first day of cannabis legalization in Canada.
Vice-President of Marketing Marshall Posner says the St. Vital outlet is larger than most stores planned for the Delta 9 chain of cannabis outlets, and will include a cannabis education centre on the premises.
"This location in St. Vital is a great site for a retail store like ours," said Posner. "It's a location with a lot of vehicular and foot traffic, and being located in the main shopping area for this neighbourhood it's really a central destination for most of the people who live in that area of town."
The second store in Thompson is also centrally located at the City Centre Mall in the downtown core, adjacent to anchor tenants such as Walmart and Safeway.
"I don't think you could find a better location in Thompson," said Posner. "This really is ground zero for retail in the city." The two outlets will operate under the Delta 9 Lifestyles brand.
Delta 9 Lifestyle stores will stock an industry-leading lineup of products from Delta 9 as well as various partner brands including products from Canopy Growth-owned brands such as Tweed. Delta 9's products will also be available through Canopy Growth locations in the province.
"As partners in this venture, Delta 9 and Canopy Growth are working hard to ensure we have the widest variety and best products available for our customers in Manitoba," said Delta 9 CEO John Arbuthnot.
The announcement of Delta 9's new retail locations follows the signing of Cannabis Store Retailer Agreements with the Government of Manitoba for both the St. Vital and Thompson locations. Those agreements are required by the provincial government before a cannabis retail outlet can be approved.
Delta 9 is currently awaiting approval for two more outlets on properties that have already been secured. One of those potential outlets is located in the vibrant Osborne Village area of Winnipeg, while the other is located in downtown Brandon.
About Delta 9 Cannabis Inc.
Delta 9 Cannabis was the fourth producer in Canada licensed to produce legal cannabis. Delta 9 now operates its wholly-owned subsidiary, Delta 9 Bio-Tech Inc., as a licensed producer of medical marijuana pursuant to the ACMPR and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. Delta 9 also owns 50 per cent of the 70,000 square foot Delta West facility in Alberta, and co-owns the Delta West Lifestyles cannabis retail operation. Delta 9's shares trade on the TSX Venture Exchange under the symbol "NINE".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Often, but not always, forward-looking statements and information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE Delta 9 Cannabis Inc.
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