Mr. John Arbuthnot reports

DELTA 9 PROVIDES GUIDANCE & TIMING FOR Q1 2023 RESULTS

Delta 9 Cannabis Inc. has provided guidance on its revenue forecast for the three-month period ended March 31, 2023, based on preliminary results.

• The company anticipates revenue for the three-month period ended March 31, 2023, to be between $16.8-million and $17.0-million compared with $12.5-million for the same period last year.

The company will provide investors with a full breakdown of revenue and financial results as part of its financial statements and management's discussion and analysis for the three-month period ended March 31, 2023. A news release on the financials will be issued on May 15, 2023, after the stock market closes. This will be followed by a conference call on May 16, 2023, at 10 a.m. EST, the details of which can be found at the end of this release.

The preliminary estimated revenues for the three-month period set forth herein are subject to the completion of the company's financial closing procedures. These preliminary estimated financial results have been prepared by and are the responsibility of the company's management.

The company currently expects that its results for revenue will be consistent with the estimates set forth herein, but such estimates are preliminary, and the company's actual results of operations and other data could differ materially from these estimates due to the completion of its financial closing procedures, final adjustments and other developments that may arise between now and the time such consolidated financial statements for the period ended March 31, 2023, are issued.

First quarter 2023 results conference call

Delta 9 will release the results for the first quarter of 2023 on May 15, 2023, after the market closes and have a conference call on May 16, 2023, to discuss the results at 10 a.m. EST.

The conference call will be hosted by John Arbuthnot, chief executive officer, and Jim Lawson, chief financial officer, followed by a question-and-answer period.

Date:  May 16, 2023

Time:  10 a.m. Eastern Time

Dial-in number:  1-888-886-7786

Replay:  1-877-674-6060 available until 12 a.m. Eastern Time (midnight) on June 16, 2023

Replay passcode:  526708 followed by the number sign

About Delta 9 Cannabis Inc.

Delta 9 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, Man., 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.

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