Delta 9 Cannabis' partner receives five new retail cannabis store licences
The company said its strategic partner Oceanic Relief has received the licenses from The Newfoundland and Labrador Liquor Corporation
Delta 9 owns a 5% stake in Oceanic’s production facility operations, existing retail store, and retail store expansion plans
Delta 9 Cannabis Inc (TSE:DN) (OTCQX:DLTNF) said its strategic partner Oceanic Relief Inc has been granted five new cannabis retail store licenses in the province of Newfoundland and Labrador from The Newfoundland and Labrador Liquor Corporation (NLC).
Oceanic has a Strategic Cooperation Agreement (SCA) with Delta 9 that provides a variety of services relating to cannabis production, the development of standard operating procedures and sanitation programs, and marketing services to develop the Oceanic brand and other services supporting the acquisition of its Health Canada license.