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Delta 9 Cannabis drives high-octane growth by bringing quality cannabis products to market

Last updated: 08:10 14 Jun 2023 EDT, First published: 18:15 02 Nov 2021 EDT

Snapshot

  • Delta 9 Cannabis secures significant purchase order for eight modular grow pods
  • Delta 9 Cannabis acquires 17 stores in a move that will significantly add to company revenue
Delta 9 Cannabis store

About the company

Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. The company sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. 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 also has a ‘Business to Business’ segment, selling its proprietary Grow Pods, Cannabis genetics, and providing consulting and licensing services to other cannabis businesses.

How it is doing

14 Jun 2023

Delta 9 Cannabis Inc (TSX:DN) said it has secured a significant purchase order from 1417376 B.C. Ltd. for the supply of eight modular grow pods for a cultivation facility in British Columbia.

The company has also entered into a strategic co-operation agreement with 1417376 B.C., further solidifying their partnership.

Under the agreement, Delta 9 will provide a range of services to support 1417376 B.C.'s cannabis production facility, including the development of standard operating procedures, sanitation programs, and consulting on Health Canada licensing.

Additionally, Delta 9 will assist in marketing services to establish the 1417376 B.C. brand, along with other services to facilitate the acquisition of a Health Canada cultivation and processing license. The total value of the purchase order and strategic co-operation agreement is estimated to be around $750,000.

18 May 2023

Delta 9 Cannabis Inc (TSX:DN) has welcomed the Manitoba Conservative Government’s Bill 10 which envisages repealing the 6% Social Responsibility Fee (SRF) on gross retail cannabis revenues retroactive to January 1, 2022.

The fee was introduced in 2018 to fund the social costs of public education, safety, and health for cannabis and eliminate the Manitoba PST charge.

16 May 2023

Delta 9 Cannabis Inc (TSX:DN) has reported its financial and operating results for the first quarter of 2023 which saw significant growth in net revenue to $16.9 million, a 35% increase compared to $12.5 million in the same period last year.

Gross profit before changes in the fair value of biological assets also showed a positive trend, reaching $4.2 million compared to $3.0 million in the first quarter of 2022, representing a 42% increase.

What management says

31 Mar 2022

Delta 9 Cannabis CEO John Arbuthnot joined Steve Darling from Proactive to share news the company has closed a transaction with Uncle Sam's Cannabis and Wissam El Annan to acquire 17 retail cannabis stores in Alberta.

Arbuthnot telling Proactive why this was the right move for the company, and he also talked about the 32-million-dollar credit facility and 10 million dollar private placement the company has completed.

Delta 9 Cannabis acquires 17 stores in a move that will significantly add to...

Delta 9 Cannabis CEO John Arbuthnot joined Steve Darling from Proactive to share news the company has closed a transaction with Uncle Sam's Cannabis and Wissam El Annan to acquire 17 retail cannabis stores in Alberta. Arbuthnot telling Proactive why this was the right move for the company,...

on 31/3/22