WINNIPEG, Manitoba, Sept. 13, 2021 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”), is pleased to announce that it has entered into a partnership with Cultivatd Inc. (“Cultivatd”) to compliment the Company’s B2B sales team by helping to target Grow Pod sales opportunities in Canada and the United States.
Cultivatd is an indoor farming technology broker that connects people and businesses with the proper vertical farming technology for their needs. The company leverages its years of experience in the indoor farming industry to assess project needs and recommend the best solution for a clients’ budget, type of growing, location and knowledge.
"We are looking forward to working with Cultivatd to drive future sales in our B2B Grow Pod business in Canada and the US market place. Our B2B business unit has produced over $15 Million in revenue since 2018 and this partnership will help us to further ramp our sales and marketing efforts in North America,” said John Arbuthnot, CEO of Delta 9, “We feel confident that the US market will provide a significant growth opportunity for our B2B and equipment product sales in the coming years.”
Delta 9's cultivation 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 Grow Pods are built to comply with Health Canada or other State or federal regulatory standards for security, Good Production, Good Agricultural Practices and are optimized for large scale cultivation operations.
The Grow Pods provide a number of benefits versus traditional open warehouse or green house cultivation operations, namely;
- The Grow Pods provide a high level of control over the growing environment for variables such as light intensity and spectrum, temperature, humidity, and etc. contributing to higher quality agricultural products;
- The ability to customize the growing environment for each genetic variety of crop, maximizing the quality and yield;
- The Grow Pods provide an attractive return on invested capital for cash crops;
- The modular format and controlled environment minimize the risk of contamination from plant diseases or pests; and
- The modular format minimizes the risk of materially significant crop loss.
Cultivatd is a team of indoor farming experts that can combine their knowledge of product development, indoor farming operations and technology to ensure a prospective client’s project is a success. Co-founded by two industry-veterans, Cultivatd represents over 40 different vertical farming and greenhouse growing technologies to better help people select which tools and tech are best suited for their project needs. Cultivatd currently has $200 million of quotes in the pipeline with prospective clients in Canada, the United States and Australia.
“We are excited to work with Delta 9 as they expand internationally and into new Canadian provinces. Cultivatd was designed to work with companies looking to explore new markets.” Said Eric Levesque, Managing Partner and co-founder at Cultivatd an indoor farming brokerage.
For more information contact:
Grow Pod information and quote Contact:
Kelsey Friesen, Director of Grow Pod Sales
Eric Levesque, Managing Partner, Cultivatd Inc.
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. 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 www.delta9.ca.
Cultivatd Inc connects people and businesses with the proper vertical farming technology for their needs. The company utilizes its years of experience in the indoor farming industry to assess needs and recommend the best solution for a clients’ budget, type of growing, location and knowledge. Culitvatd helps clients get into the vertical farming space by guiding clients through the process of selecting the proper technology solution for their needs.
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) the Company’s plans to market its B2B products in the United States and Canada, (ii) the Company’s plans to increase marketing efforts in the United States and Canada. 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, as well as all risk factors set forth in the annual information form of Delta 9 dated March 31, 2021 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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