|Bid||0.4850 x N/A|
|Ask||0.4950 x N/A|
|Day's Range||0.4750 - 0.4950|
|52 Week Range||0.3300 - 1.7200|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||3.30|
|Earnings Date||Mar. 18, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.05|
Cypress Craft 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, Cypress Craft, 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.
To date the Company has been able to maintain continuous operations of its retail stores, wholesale and business to business (“B2B”) business units and has no current plans to shut down its businesses. Management continues to focus on maintaining continuity of business while implementing certain policies and procedures to protect the health and safety of our customers and employees.
WINNIPEG, Manitoba, March 19, 2020 -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce financial and operating results for.
The Company anticipates revenues for the year ending December 31, 2019 to be between $31.1 million and $31.9 million, compared to $7.57 million for the same period the prior year. The Company anticipates reporting direct cannabis production cost per gram of $0.91 and total cost per gram of $1.04 for the fourth quarter 2019, compared with $1.08 and $1.21 respectively for the third quarter of 2019. Delta 9 anticipates reporting total grams of cannabis produced of 1,305,806 for the fourth quarter of 2019, compared with 871,517 grams of cannabis for the third quarter 2019.
DELTA 9 CANNABIS INC. (DN.TO) (VRNDF) ("Delta 9" or the "Company"), is pleased to announce that it has entered into a supply agreement with Auxly Cannabis Group Inc. (XLY.V) ("Auxly") who will supply Delta 9's retail stores with a suite of cannabis 2.0 products including cannabis oils, chocolates, chewables and vape products, where permitted. Auxly and Delta 9 entered a strategic partnership in September, 2018, including a supply agreement which granted Auxly the right to purchase up to 5,000 kilograms of cannabis and 500 kilograms of cannabis trim per year until July 1, 2030. In exchange, Auxly invested $16.25 million in the Company by purchasing 5,909,090 common shares of the Company, becoming one of Delta 9's early strategic investors.
As one of the Company's micro cultivation partners, Because You Cann entered into a Strategic Cooperation Agreement (“SCA”) with Delta 9 whereby Delta 9 provides services relating to 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 Licence. On February 7, 2020, Because You Cann Inc., confirmed it has reached its final milestone under the SCA and has been granted a cannabis micro cultivation license from Health Canada (the "Health Canada Licence").
Over 2019, Delta 9 worked to increase its dried cannabis production capacity at its Winnipeg based facilities (the “Delta Facility”) and to add provincial listing and supply agreements to increase its distribution capacity. Delta 9’s proprietary cannabis production methodology is based around a modular, scalable, and stackable production unit called the “Grow Pod”. Over the year, the Company received several licensing approvals from Health Canada, which increased the overall number of Grow Pods licensed as at December 31, 2019, to 297, an increase in licensed capacity of 93% from 154 as at December 31, 2018.
During 2019, the Company invested in creating a stand-alone business unit for its B2B activities and has cultivated relationships across Canada. For the year ending December 31, 2019, Delta 9 received orders for 89 Grow Pods versus orders for 6 Grow Pods for the year ending December 31, 2018.
Delta 9 was among the first retailers in Canada to sell edibles, vape pens, and vape cartages in its retail stores. The company received its first shipment on Wednesday, December 18, 2019 and additional shipments have arrived everyday since.
WINNIPEG, Manitoba, Dec. 06, 2019 -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce that on December 4, 2019 it received an.