WINNIPEG, Manitoba, June 23, 2020 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce that on June 23, 2020 it entered into a Master Cannabis Supply Agreement (the “Agreement”) with Ontario Cannabis Retail Corporation (doing business as “Ontario Cannabis Store”) (“OCS”).
The Agreement provides for the supply by Delta 9 of branded cannabis products and accessories to OCS for sale in retail cannabis stores in Ontario and online sales of recreational cannabis products and accessories to customers in Ontario. Concurrently with entering into the Agreement, Delta 9 entered into a Data Subscription Agreement with OCS, under which OCS will supply point-of-sale data pertaining to Delta 9 product sales at the retail level.
"We are pleased to continue to grow the presence of Delta 9 products in retail channels across Canada by entering into the Master Supply Agreement with OCS," said John Arbuthnot, CEO of Delta 9. “The Ontario retail and online market presents tremendous opportunity for sales of a range of Delta 9 cannabis products, and we look forward to further opportunities for Delta 9 products to reach customers coast-to-coast.”
On entering into the Agreement, Ontario became the sixth Canadian province where Delta 9 has entered into supply agreements with provincial authorities for the supply of cannabis products into provincial recreational cannabis markets, with Delta 9 currently also supplying recreational cannabis products to Manitoba, Saskatchewan, Alberta, British Columbia, and Newfoundland.