Delta 9 Cannabis Inc. announced that it has closed a transaction with 1884356 Alberta Ltd. (the “Vendor”) to acquire all or substantially all of the Vendor’s assets relating to the operation of two retail cannabis stores in Edmonton, Alberta (the “Transaction”). The acquisition was completed through the Company’s wholly-owned subsidiary, Delta 9 Cannabis Store Inc. pursuant to an asset purchase agreement between Delta 9 Cannabis Store Inc. and the Vendor dated July 9, 2021. The Company expects the Transaction to be accretive in 2021 and 2022 before synergies. The acquisition represents an attractive revenue multiple of approximately 0.48x annualized revenue.