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WIRE SERVICES/
WINNIPEG, July 24, 2018 /CNW/ - DELTA 9 CANNABIS INC.
(TSXV: NINE) ("Delta 9" or the "Company") confirms it will be
applying for a license to open more cannabis retail outlets in
Manitoba, as part of the second
phase of retail cannabis expansion announced yesterday by the
Manitoba Government.
Growth, Enterprise and Trade Minister Blaine Pedersen announced Monday, July 23, that his government will issue a
second public tender for companies that wish to build and operate
cannabis retail stores across the Province. Mr. Pedersen said the
intention is to ensure that within the first two years of
legalization, 90 per cent of Manitobans will be able to access
legal cannabis within a 30-minute drive or less.
"In proceeding with phase two of our retail strategy, we are
keeping our promise to establish a competitive retail environment
that creates new economic opportunities for all Manitobans," said
Pedersen.
Delta 9 CEO John Arbuthnot says
he's happy to see the Manitoba Government pushing forward on the
second phase of retail expansion.
"As one of the most experienced cannabis companies in
Canada, and one of only two
cannabis companies based in Manitoba, we feel we are uniquely qualified to
provide this important product and service, and to provide more
economic development and employment for the people of Manitoba," Arbuthnot said.
The Company has already secured locations for its first four
retail stores, two of them in Winnipeg, one in Brandon, and the fourth in Thompson. Arbuthnot says he doesn't know yet
how many retail stores will be allowed in the second phase of the
program, but adds the Company would be prepared to open up to an
additional dozen stores in 2019.
"As a local company, we want to be able to serve the people of
Manitoba in every corner of the
Province," Arbuthnot said. "It's clear from the Minister's remarks
that he is concerned more remote communities may not be well
served, so we're committing that as part of our program, we will
absolutely build a network that includes smaller rural communities
as soon as possible.
"We are fully funded to expand our operations throughout
Manitoba, and to increase our
production to meet demand," Arbuthnot added.
The Manitoba Government will first issue a Request for
Pre-Qualifications (RFPQ) which companies can respond to by
August 31, 2018. Companies must first
qualify to become a candidate for retail store licenses, and will
then be eligible to apply for a license under a Request for
Proposals.
Delta 9 is among the companies that have already qualified as a
retail license holder in Manitoba.
Mr. Pedersen confirmed yesterday that retailers who submitted
proposals under the initial public tender will be eligible for the
current RFPQ process.
About Delta 9 Cannabis Inc.
Delta 9's wholly-owned
subsidiary, Delta 9 Bio-Tech Inc., is 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'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. Forward
looking statements in this news release include statements relating
to: (i) Delta 9's expansion plans; (ii) Delta 9's production of
cannabis; (iii) approvals for Delta 9's production facilities by
Health Canada; (iv) demand for Delta 9's products; and (v) Delta
9's cost to produce its grow pods. 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 that Delta 9's currently contemplated
expansion and development plans may cease or otherwise change,
Delta 9's production of cannabis may be lower than expected, Delta
9 may not obtain the required approvals from Health Canada, demand
for Delta 9's products may be lower than anticipated, Delta 9's
cost to produce its grow pods may be higher than expected and all
other risk factors set forth in the filing statement of Delta 9
dated October 25, 2017 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.
![Delta 9 Cannabis preparing for major expansion in cannabis production and retail operations. (CNW Group/Delta 9 Cannabis Inc.) Delta 9 Cannabis preparing for major expansion in cannabis production and retail operations. (CNW Group/Delta 9 Cannabis Inc.)](https://mma.prnewswire.com/media/722042/Delta_9_Cannabis_Inc__Delta_9_Applauds_Manitoba_Cannabis_Retail.jpg)
SOURCE Delta 9 Cannabis Inc.