| Previous Close | 0.5400 |
| Open | 0.5400 |
| Bid | 0.5300 x N/A |
| Ask | 0.5400 x N/A |
| Day's Range | 0.5300 - 0.5400 |
| 52 Week Range | 0.3300 - 0.8000 |
| Volume | 15,651 |
| Avg. Volume | 85,120 |
| Market Cap | 47.283M |
| Beta (5Y Monthly) | 0.94 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0130 |
| Earnings Date | May 14, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 1.42 |
- GlobeNewswire
Delta 9 Achieves Milestone in Agreement with Micro Cultivation Partner
WINNIPEG, Manitoba, Sept. 28, 2020 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) ("Delta 9" or the "Company"), is pleased to announce that it has completed its final services milestone under an agreement with another Micro Cultivation partner, Prairie Trichomes. Prairie Trichomes is an arms length third party in which the Company has no ownership control or interest. As one of the Company’s Micro Cultivation partners, Prairie Trichomes entered into a Strategic Cooperation Agreement (“SCA”) with Delta 9 whereby Delta 9 provides services relating to the cannabis production facility design and construction, development of standard operating procedures and sanitation programs, consulting on Health Canada licensing, and other services supporting the acquisition of the Health Canada license.On September 18, 2020, Prairie Trichomes confirmed it had reached its final milestone under the SCA and has been granted a cannabis micro cultivation license from Health Canada (the “Health Canada License”).“We are delighted that Prairie Trichomes has received a Health Canada Licence for twelve of our proprietary and turn-key "Grow Pod" systems and thrilled that they are another one of our rural farmers to become a micro cultivator in Manitoba,” said John Arbuthnot, Founder and CEO of Delta 9. “Our sales pipeline of Grow Pods and services is robust as we sell our micro cultivation services to cannabis entrepreneurs looking to produce premium quality cannabis products.”The Company's cannabis production methodology is based around a modular, scalable, and stackable production unit called a "Grow Pod", which are retrofitted standard 40-foot shipping containers. Prairie Trichomes’ facility has been designed and built using this turn key and state of the art Grow Pod system. Once cultivation begins, Delta 9 plans to purchase premium quality cannabis products from Prairie Trichomes for distribution through the Company's established distribution network, and through Delta 9's branded retail stores.“We are excited about receiving our license and expect to be growing a premium craft cannabis product by the end of October, 2020,” said Dell Carritt, President and CEO of Prairie Trichomes. “We have plans in place to open a cannabis retail store in Neepawa, Manitoba later this year which will showcase Delta 9 cannabis products and branded materials as well as other craft quality brands.”Prairie Trichomes operates a 4th generation farm and has developed a 6,000 square foot micro cultivation facility, located in Carberry, Manitoba. The warehouse is only half utilized with the twelve new grow pods in place which provides room for expansion. The Carritt Family are experienced farmers who are excited to be a part of a new and growing industry. They became interested in growing cannabis to produce a premium cannabis crop year-round and provide additional jobs in rural Manitoba.For more information contact:Investor & Media Contact: Ian Chadsey VP Corporate Affairs Mobile: 204-898-7722 E-mail: ian.chadsey@delta9.caAbout Delta 9 Cannabis Inc.Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. 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's shares trade on the Toronto Stock Exchange under the symbol "DN" and on the OTCQX under the symbol "VRNDF". For more information, please visit www.delta9.ca.Disclaimer for Forward-Looking InformationCertain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to: (i) BYC's proposed micro cultivation operations; (ii) Delta 9's intention to sell BYC's premium cannabis products; and (iii) Delta 9's development of micro cultivation services. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including BYC’s cannabis production not being as anticipated, as well as all risk factors set forth in the annual information form of Delta 9 dated April 30, 2019 which has been filed on SEDAR. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
- GlobeNewswire
Delta 9 Increases Bank Credit Facilities to $22 Million
WINNIPEG, Manitoba, Aug. 27, 2020 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce that it has amended the Company's credit facilities (the “Credit Facilities”) with Canadian Western Bank (the "Bank") with the addition of new loan segments and amendments to certain existing loan segments. The amendments bring the Company's total Credit Facilities with the Bank to approximately $22 Million and increase the company’s cash position by $5.4 Million. "Delta 9 is one of the only cannabis operators in Canada that have been successful at accessing conventional credit facilities with a Tier 1 chartered bank,” said Delta 9 CEO, John Arbuthnot. “This additional cash, together with working capital of $24.5 Million and $6.0 Million in cash as of June 30, 2020, leave us well-positioned to continue the Company's strategic growth plans and implementation of its business initiatives.” The Company entered into its original credit facilities with the Bank in the amount of $12.0 million on July 24, 2018, which was increased to $18.1 million on August 14, 2019. The amendments to the Credit Facility represent five additional loan segments each of which is allocated for a different purpose and each with its own terms. The new loan segments bear interest of between 3.45% and 5.99% per year. “In order to maximize shareholder value over the long term, it was important to us to find a non-dilutive source of capital to help finance our growth,” said Delta 9 CEO, John Arbuthnot. “The relationship between our Company and the Bank has grown steadily over the last two years since the original financing and these amendments demonstrate the Company’s financial strength and operating track record.”For more information contact:Investor & Media Contact: Ian Chadsey VP Corporate Affairs Mobile: 204-898-7722 E-mail: ian.chadsey@delta9.ca About Delta 9 Cannabis Inc.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's shares trade on the Toronto Stock Exchange under the symbol "DN" and on the OTCQX under the symbol "VRNDF". For more information, please visit www.delta9.ca.Disclaimer for Forward-Looking InformationCertain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to the Company’s expansion plans. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including all risk factors set forth in the annual information form of Delta 9 dated March 19, 2020 which has been filed on SEDAR. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
- GlobeNewswire
Delta 9 to Open Fifth Retail Cannabis Store in Manitoba
WINNIPEG, Manitoba, Aug. 25, 2020 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce the grand opening of its fifth Delta 9 Cannabis Store in the Province of Manitoba. Delta 9’s newest retail store is located in the City of Winnipeg, Manitoba and is scheduled to open on September 8, 2020. “With this newest store opening, we’re extremely excited to be able to offer the residents of Southwest Winnipeg and surrounding areas some of best selection of cannabis products at the lowest prices from some of the most popular cannabis manufacturers in Canada,” said John Arbuthnot, CEO of Delta 9. “Delta 9’s welcoming retail cannabis concept, combined with our focus on convenient and high traffic shopping destinations have been very successful as a part of our Company’s overall vertical integration strategy.”At approximately 4,000 square feet, the newest Delta 9 Cannabis Store is located in Kenaston Common, Southwest Winnipeg’s premier shopping destination with high traffic anchors including Dollarama, Walmart, Home Depot, Safeway, HomeSense and Tim Horton’s. The Kenaston Boulevard traffic corridor in Southwest Winnipeg sees over 50,000 vehicles every day.The new store will be the largest cannabis retail store in the area, offering customers an open and modern shopping décor, highly trained staff and a wide range of products, including dried cannabis flower, cannabis oil, edibles, drinkables, vape pens, concentrates and a full assortment of cannabis accessories. Members of the public can also sign up for free cannabis education courses offered in the store’s education center."We continue to grow our retail footprint and have established ourselves as a large volume cannabis retailer in the province of Manitoba," said John Arbuthnot, CEO of Delta 9. "With our upcoming store opening in Winnipeg we will have five stores open servicing Manitobans and seven in total across Canada. We are focused on opening a total of 12 retail stores by 2021 and have a long-term vision of opening Delta 9 branded retail stores across Canada.”For more information contact:Investor & Media Contact: Ian Chadsey VP Corporate Affairs Mobile: 204-898-7722 E-mail: ian.chadsey@delta9.caAbout Delta 9 Cannabis Inc.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's shares trade on the Toronto Stock Exchange under the symbol "DN" and on the OTCQX under the symbol "VRNDF". For more information, please visit www.delta9.ca.Disclaimer for Forward-Looking InformationCertain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to the Company’s expansion plans. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, including all risk factors set forth in the annual information form of Delta 9 dated March 19, 2020 which has been filed on SEDAR. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
