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Delta 9 (TSX:DN) opens its 12th retail cannabis store

Cannabis
TSX:DN
15 April 2021 12:00 (EDT)

Delta 9 (DN) has officially opened its 12th retail cannabis store.

The new store, located on McPhillips Street in Winnipeg, is the company’s ninth store in Manitoba.

Products sold at the store include dried cannabis flower, cannabis oil, edibles, drinkables, vape pens and concentrates.

In a press release John Arbuthnot, CEO of Delta 9, said the company remains on track to roll out its target 20 retail cannabis stores in the Prairie provinces.

 “[The company] will accomplish this through select strategic acquisition targets and laser focus on retail store build-outs at convenient and high traffic shopping locations,” Arbuthnot said. “We will continue to offer the best selection of cannabis products at the lowest prices, from the most popular cannabis manufacturers in Canada.”

Delta 9, through its wholly-owned subsidiary Delta 9 Bio-Tech, is a licensed producer of both recreational and medical cannabis. The company’s 80,000 square foot Health Canada-approved production facility is located in Winnipeg.

With the addition of its 12th retail cannabis store, Delta 9 anticipates opening up eight more retail outlet stores in regions that allow for privatized cannabis sales.

Shares of Delta 9 remain unchanged at C$0.58 as of 10:49 a.m. EDT.

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