Delta 9 Awarded Grow Pod Contract for Cultivation Facility in Alabama
28 Abril 2023 - 6:00AM
DELTA 9 CANNABIS INC. (TSX:DN) (OTCQX:DLTNF) (“Delta 9” or the
“Company”) is pleased to announce that it has secured a purchase
order from a United States based customer (the “Customer”) for up
to 8 of its modular Grow Pods for an integrated pre-licensed
cultivation and processing facility in Alabama.
The Customer has also entered into a Strategic
Cooperation Agreement with the Company whereby Delta 9 will provide
services relating to the development of the Customer’s cannabis
production facility, training, and other services supporting the
acquisition of a state integrated facility license. The Company
anticipates the value of the purchase order and Strategic
Cooperation Agreement will be approximately $600,000.
“We are delighted to partner on the development
of this facility which will house eight of our proprietary and
turn-key 'Grow Pod' systems,” said John Arbuthnot, Founder and CEO
of Delta 9. “Our turnkey platform for Grow Pods and services
continues to prove one of the best options for cannabis industry
entrepreneurs seeking to produce premium quality cannabis
products.”
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. The Customer’s production facility has been
designed for cultivation, processing, extraction, and product
manufacturing and will be purpose built using this turnkey and
state of the art Grow Pod system. Since 2018 Delta 9 has
successfully installed over 250 Grow Pods in third party facilities
across Canada and the United States.
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 a 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 OTCQX 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 the
Customer, (ii) the Company’s plans to provide services to the
Customer 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
31, 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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