WINNIPEG, Manitoba, Feb. 07, 2023 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”), is pleased to announce the upcoming opening of its 41st retail cannabis store in Western Canada on February 9, 2023.
"I am pleased to announce the opening of Delta 9’s 41st retail cannabis store. Our retail strategy continues to find the best available real estate in high-traffic and high-population density areas, and this store opening showcases our commitment to this strategy,” said John Arbuthnot, CEO of Delta 9. “Delta 9’s retail network has expanded by 25 stores in the past twelve months and we expect to continue expansion of our retail portfolio across Canada this year.”
Delta 9’s convenient retail cannabis concept, combined with a strategic focus on high traffic shopping destinations have been a successful part of the Company’s overall vertical integration strategy. Within a 3 km range the area tenants include: University of Winnipeg, RBC Convention centre, Canada Life Centre (home of the Winnipeg Jets), and the Forks in downtown Winnipeg center.
The new 2,300 sq ft store is in the West End of downtown Winnipeg at 625 Sargent Ave. The West End is a mix of 6 diverse residential neighbourhoods that include Armstrong's Point, Colony, Daniel McIntyre, Minto, Sargent Park, Spence, St. Matthews, West Broadway, and Wolseley.
The location offers plenty of free parking spaces, easy access from the street and a new wheelchair ramp providing easy access to the building. The new store offers customers a modern shopping décor, highly trained staff, and a wide range of products, including dried cannabis flower, cannabis oil, edibles, drinkables, vape pens, concentrates. Store hours are 10:00am to 10:00pm, Sunday to Thursday and 10:00am to 11:00pm, Friday and Saturday and will offer a click and collect service.
For more information contact:
Investor & Media Contact:
Ian Chadsey, VP Corporate Affairs
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 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 "DLTNF". For more information, please visit invest.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 the Company’s expansion plans. 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, 2022 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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