/NOT FOR DISSEMINATION IN THE
UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE
SERVICES./
WINNIPEG, Sept. 17, 2018 /CNW/ - It is with great sadness
that Delta 9 Cannabis Inc. (TSXV: NINE) ("Delta 9" or the
"Company") announces the passing of our colleague Brent Bottomley, the Company's Chief Financial
Officer.
Brent passed away suddenly while taking part in a bicycle trip
in the United States. Delta 9 CEO
John Arbuthnot said today that
Brent's passing is a personal loss for everyone involved in Delta
9, and that all of the Company's staff members want to express
their condolences to his family. "Brent was much more than just
part of our management team," Arbuthnot said. "He joined our
Company at a critical time in our development, when we were
transitioning from a small startup in the cannabis industry to
becoming a high growth company with more than a hundred employees.
During that time, Brent was pivotal in acquiring the financing we
needed to expand our business, and we leaned heavily on his vast
experience as we grew our company."
Brent was central in the Company's successful financing efforts.
At the same time, Brent was heavily involved in building out the
Delta 9 management team and formulating its business plan. "Part of
Brent's lasting legacy will be that he has positioned Delta 9 to
succeed and grow," Arbuthnot said. "He helped build the foundation
of this company as a leader in the cannabis industry and all of us
at Delta 9 are determined that we will live up to his legacy. But
Brent was more than just a great manager. He was a great friend to
all of us and he will be missed more than any words can
express."
Prior to joining Delta 9, Brent was a widely respected
investment banker who held senior positions at Wellington West
Capital Inc. and Merrill Lynch Canada and was a partner at Osprey
Capital Partners. He brought a depth of financial and public
market experience to Delta 9 that Arbuthnot says was vital to the
Company's rapid growth over the past two years.
"I know that I have leaned heavily on Brent for his wisdom and
guidance since he joined our team," said Arbuthnot. "Today, thanks
to his work, I can say that Delta 9 stands on a very solid
financial foundation, is well funded for the anticipated
legalization of recreational cannabis and we have comprehensive
financial controls and accounting protocols in place."
Following Brent's passing, Jim
Lawson will serve as interim Chief Financial Officer of
Delta 9 until a permanent replacement can be found. Mr. Lawson has
a lifetime of experience as a corporate accountant and is currently
Controller at Delta 9. He has worked with the Company since it was
founded in 2012.
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.
SOURCE Delta 9 Cannabis Inc.