April 4 (Reuters) - Delta 9 Cannabis Inc NINE.V :
* DELTA 9 EXERCISES OPTION TO ACQUIRE PRODUCTION FACILITY
* EXERCISED OPTION TO PURCHASE LAND, 80,000 SQUARE FOOT BUILDING CONTAINING CO'S CURRENT CANNABIS PRODUCTION FACILITY FOR $6.25 MILLION
* DELTA 9 HAS ENTERED INTO A FORMAL OPTION AGREEMENT WITH 6599362 CANADA LTD WHICH SETS FORTH TERMS OF ACQUISITION OF PROPERTY