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WINNIPEG, Sept. 17, 2018 /CNW/ - It is with great sadness that Delta 9 Cannabis Inc. (TSXV: NINE) ("Delta 9" or the "Company") announces the passing of our colleague Brent Bottomley, the Company's Chief Financial Officer.
Brent passed away suddenly while taking part in a bicycle trip in the United States. Delta 9 CEO John Arbuthnot said today that Brent's passing is a personal loss for everyone involved in Delta 9, and that all of the Company's staff members want to express their condolences to his family. "Brent was much more than just part of our management team," Arbuthnot said. "He joined our Company at a critical time in our development, when we were transitioning from a small startup in the cannabis industry to becoming a high growth company with more than a hundred employees. During that time, Brent was pivotal in acquiring the financing we needed to expand our business, and we leaned heavily on his vast experience as we grew our company."
Brent was central in the Company's successful financing efforts. At the same time, Brent was heavily involved in building out the Delta 9 management team and formulating its business plan. "Part of Brent's lasting legacy will be that he has positioned Delta 9 to succeed and grow," Arbuthnot said. "He helped build the foundation of this company as a leader in the cannabis industry and all of us at Delta 9 are determined that we will live up to his legacy. But Brent was more than just a great manager. He was a great friend to all of us and he will be missed more than any words can express."
Prior to joining Delta 9, Brent was a widely respected investment banker who held senior positions at Wellington West Capital Inc. and Merrill Lynch Canada and was a partner at Osprey Capital Partners. He brought a depth of financial and public market experience to Delta 9 that Arbuthnot says was vital to the Company's rapid growth over the past two years.
"I know that I have leaned heavily on Brent for his wisdom and guidance since he joined our team," said Arbuthnot. "Today, thanks to his work, I can say that Delta 9 stands on a very solid financial foundation, is well funded for the anticipated legalization of recreational cannabis and we have comprehensive financial controls and accounting protocols in place."
Following Brent's passing, Jim Lawson will serve as interim Chief Financial Officer of Delta 9 until a permanent replacement can be found. Mr. Lawson has a lifetime of experience as a corporate accountant and is currently Controller at Delta 9. He has worked with the Company since it was founded in 2012.
About Delta 9 Cannabis Inc.
Delta 9 Cannabis was the fourth producer in Canada licensed to produce legal cannabis. Delta 9 now operates its wholly-owned subsidiary, Delta 9 Bio-Tech Inc., as a licensed producer of medical marijuana pursuant to the ACMPR and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. Delta 9 also owns 50 per cent of the 70,000 square foot Delta West facility in Alberta, and co-owns the Delta West Lifestyles cannabis retail operation. Delta 9's shares trade on the TSX Venture Exchange under the symbol "NINE".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Delta 9 Cannabis Inc.
For further information: Gary Symons, Director of Communications, [email protected], 250.300.9352