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WINNIPEG, MB – April 27, 2022 – DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”), announces that it has completed a private placement of 2,038,217 common shares of the Company (“Common Shares”), for a deemed price of $0.314 per Common Share, to Oak Hill Financial Inc. (“Oak Hill”), in satisfaction of a success fee payable to Oak Hill pursuant to an advisory services agreement dated October 27, 2021 between Oak Hill and the Company in connection with the closing of the Company’s new credit facilities with Connect First Credit Union Ltd. on March 31, 2022 (the “Offering”).
The final closing of the Offering remains subject to the approval of the TSX.
For more information contact:
Investor & Media Contact:
Ian Chadsey, VP Corporate Affairs
E-mail: [email protected]
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.
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