DLTNF - Delta 9 Completes Private Placement of Common Share to Haywood
(TheNewswire)
Winnipeg, MB - TheNewswire - August 30, 2023 - DELTA 9 CANNABIS INC. (TSX:DN) (OTC:DLTNF) ( " Delta 9 " or the " Company " ),announces that it has completed a private placement of 769,230 commonshares of the Company ( “ CommonShares ” ), for a deemed price of $0.065 perCommon Share, to Haywood Securities Inc. ( “ Haywood ” ), insatisfaction of a consulting fee payable to Haywood pursuant to anengagement letter dated March 28, 2023 between Haywood and the Company(the “ Offering ” ).
The final closing of the Offering remains subject tothe approval of the TSX.
For more information contact:
Investor & MediaContact:
Ian Chadsey, VP CorporateAffairs
Mobile :204-898-7722
E-mail: ian.chadsey@delta9.ca
About Delta 9 Cannabis Inc.
Delta 9 Cannabis Inc. is a vertically integratedcannabis company focused on bringing the highestquality cannabis products to market. Delta 9 ' swholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producerof medical and recreational cannabis and operates an 95,000 squarefoot production facility in Winnipeg, Manitoba, Canada . Delta 9 owns and operates a chain of retail stores under the Delta 9 CannabisStore brand. Delta 9 ' s sharestrade on the Toronto Stock Exchange under the symbol " DN " and on the OTC under the symbol " DLTNF " . Formore information, please visit www.delta9.ca .
Disclaimer forForward-Looking Information
Certain statements in this releaseare forward-looking statements, which reflect the expectations ofmanagement regarding the Company's future businessplans and other matters. Forward-looking statements consist ofstatements that are not purely historical, including any statementsregarding beliefs, plans, expectations or intentions regarding thefuture. Forward looking statements in this news release includestatements relating to the approval of the TSX of the Offering. Suchstatements are subject to risks and uncertainties that may causeactual results, performance or developments to differ materially fromthose contained in the statements, including the Company’s distribution services not being asanticipated, as well as all risk factors set forth in the annualinformation form of Delta 9 dated March 31, 2023 which has beenfiled on SEDAR. No assurance can be given that any of the eventsanticipated by the forward-looking statements will occur or, if theydo occur, what benefits the Company will obtain fromthem. Readers are urged to consider these factors carefully inevaluating the forward-looking statements contained in this newsrelease and are cautioned not to place undue reliance on suchforward-looking statements, which are qualified in their entirety bythese cautionary statements. These forward-looking statements are madeas of the date hereof and the Company disclaims anyintent or obligation to update publicly any forward-lookingstatements, whether as a result of new information, future events orresults or otherwise, except as required by applicable securitieslaws.
Copyright (c) 2023 TheNewswire - All rights reserved.