Delta 9 Awarded Grow Pod Contract for Cultivation Facility in British Columbia
13 Junho 2023 - 7:00PM
DELTA 9 CANNABIS INC. (TSX:DN) (OTCQB:DLTNF) (“Delta 9” or the
“Company”) is pleased to announce that it has secured a purchase
order from 1417376 BC Ltd. for 8 of its modular Grow Pods for a
cultivation facility in British Columbia.
1417376 BC Ltd. has also entered into a
Strategic Cooperation Agreement with the Company whereby Delta 9
will provide services relating to 1417376 BC Ltd.’s cannabis
production facility, development of standard operating procedures
and sanitation programs, consulting on Health Canada licensing,
marketing services to develop the 1417376 BC Ltd.’s brand, and
other services supporting the acquisition of a Health Canada
cultivation and processing license. The Company anticipates the
value of the purchase order and Strategic Cooperation Agreement
will be approximately $750,000.
“We are delighted to partner with 1417376 BC
Ltd. on the development of their facility which will include eight
of our "Grow Pod" systems”, said John Arbuthnot, Founder and CEO of
Delta 9. “Our proven platform for Grow Pods and services remains to
be one of the best options for cannabis industry entrepreneurs
seeking equipment, 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. 1417376 BC Ltd.’s production facility has been
designed and retrofitted using this turnkey Grow Pod system. Since
2018 Delta 9 has successfully installed over 250 Grow Pods in third
party facilities across Canada and the United States.
“1417376 BC Ltd. is a business partnership owned
and family operated on beautiful Vancouver Island, British
Columbia. We have plans to service the recreational cannabis market
in BC and across Canada,” said the 1417376 BC Ltd. management team.
“We are confident in our ability to produce premium BC grown
cannabis products that will delight Canadian consumers.”
1417376 BC Ltd. is developing a state-of-the-art
18,000 sq ft micro cultivation facility on a 79-acre parcel of
land, in Comox Valley, British Columbia. This retrofit facility
houses a micro cultivation license, including eight new grow pod
systems, and a proprietary craft growing approach developed by
Delta 9. 1417376 BC Ltd.’s initial plan is to focus on growing
proprietary strains of 20+ THC and expanding its product offering
with extracted products in the future. 1417376 BC Ltd. has two more
buildings on-site slated for future expansion of 30,000 sq ft to
house an additional 100 or more Grow Pods.
For more information contact:
Investor & Media
Contact:Ian Chadsey VP Corporate
AffairsMobile:
204-898-7722E-mail: ian.chadsey@delta9.ca
About Delta 9 Cannabis
Inc.Delta 9 Cannabis Inc. 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 95,000 square foot production facility
in Winnipeg, Manitoba, 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 OTCQB under the symbol "DLTNF". For more
information, please visit www.delta9.ca.
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. Forward
looking statements in this news release include (i) statements
relating to the Company’s plans to supply Grow Pods to 1417376 BC
Ltd., (ii) the Company’s plans to provide services to 1417376 BC
Ltd. and (iii) the Company’s ability to realize revenue from the
sale of Grow Pods and provision of services. Such statements are
subject to risks and uncertainties that may cause actual results,
performance or developments to differ materially from those
contained in the statements, including all risk factors set forth
in the annual information form of Delta 9 dated March 30, 2023
which has been filed on SEDAR. 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.
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