WINNIPEG, Manitoba, Feb. 04, 2021 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) ("Delta 9" or the "Company"), is pleased to announce that it has completed its final services milestone under an agreement with Alberta based Micro Cultivation partner, Dry Island LTD. (“Dry Island”). Dry Island is an arm’s length third party in which the Company has no ownership control or interest.
On January 29, 2021, Dry Island confirmed it had reached its final milestone under the Strategic Cooperation Agreement (“SCA”) and has been granted its cannabis micro cultivation licenses from Health Canada (the “Health Canada License”).
As one of Delta 9’s Micro Cultivation partners, Dry Island entered into a Strategic Cooperation Agreement with the company whereby Delta 9 provides services relating to the cannabis production, development of standard operating procedures and sanitation programs, consulting on Health Canada licensing, marketing services to develop the Dry Island brand and other services supporting the acquisition of the Health Canada license.
“We are delighted that Dry Island has received a Health Canada Licence for twelve of our proprietary and turn-key "Grow Pod" systems and we look forward to helping them grow their facilities into the future,” 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 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. Dry Island’s production facility has been designed and purpose built using this turnkey and state of the art Grow Pod system. Once cultivation begins, Delta 9 plans to purchase premium quality cannabis products from Dry Island for distribution through the Company's established distribution network, and through Delta 9's nine branded retail stores. Delta 9 has now successfully sold over 250 Grow Pods to third party facilities across Canada.
“Dry Island is a business partnership owned and self funded cannabis grower based in Stettler, Alberta and is proud to have used all local trades in the construction of our facility. We have plans to service the recreational cannabis market in Western Canada,” said the Dry Island management team. “The business partners, some who are in Precast concrete construction built a 5,200 square foot purpose-built facility and installed a state-of-the-art production facility that incorporates all the latest technology for growing cannabis.”
Dry Island has developed a state-of-the-art micro cultivation facility on an 1/2-acre parcel of land, in Stettler, Alberta, that is half way between Calgary and Edmonton. This new facility houses a micro cultivation license, including twelve new grow pod systems, and a proprietary craft growing approach developed by Delta 9. Dry Island’s initial plan is to focus on growing two strains of 20+ THC before it expands its product offering. Dry Island owns two additional half acre adjacent lots to the property which are slated for future expansion.
The well-rounded Dry Island team has a strong entrepreneurial background, with experience in construction and agriculture. The Dry Island team is committed and passionate about growing premium craft cannabis and looks forward to building a leading craft cannabis company in Alberta.
For more information contact:
Investor & Media Contact:
Ian Chadsey VP Corporate Affairs
Mobile: 204-898-7722
E-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. Delta 9's wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis and operates an 80,000 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 "VRNDF". 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 statements relating to: (i) Dry Island 's proposed micro cultivation operations; (ii) Delta 9's intention to sell Dry Island 's premium cannabis products; and (iii) Delta 9's development of micro cultivation 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 Dry Island’s cannabis production not being as anticipated, as well as all risk factors set forth in the annual information form of Delta 9 dated March 19, 2020 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.