Delta 9 Cannabis - CEO, John Arbuthnot.
CEO, John Arbuthnot.
Source: Delta 9 Cannabis.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Delta 9 Cannabis (TSX:DN) has acquired three retail cannabis stores in Manitoba
  • Delta 9 acquired substantially all of the vendor’s assets relating to the operation of three Garden Variety branded retail cannabis stores located in Winnipeg and Brandon
  • The company paid $3,250,000, subject to customary adjustments, as the purchase price of the assets
  • Delta 9 Cannabis Inc. is a vertically-integrated cannabis company
  • Delta 9 Cannabis Inc. opened the day’s trading at $0.16 per share

Delta 9 Cannabis (DN) has acquired three retail cannabis stores in Manitoba from 10552763 Canada Corp.

Delta 9 has acquired substantially all of the vendor’s assets relating to the operation of three Garden Variety branded retail cannabis stores in Manitoba, two in Winnipeg and one in Brandon.

“We are pleased to announce the closing of another strategic retail acquisition to grow our market share across the Canadian prairies,” stated John Arbuthnot, CEO of Delta 9.

“Delta 9 now operates 38 cannabis retail stores, positioning us as one of Canada’s largest vertically integrated cannabis retailers,” he added.

The company paid $3,250,000, subject to customary adjustments, as the purchase price of the assets.

The purchase price of $2,925,000 was satisfied by issuing 17,944,785 common shares at a deemed price of $0.163 per common share.

A portion of the purchase price will be satisfied by issuing 1,993,865 common shares in approximately six months.

Delta 9 Cannabis Inc. is a cannabis company. The company sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses.

Delta 9 Cannabis Inc. opened the day’s trading at $0.16 per share.


More From The Market Herald
Isracann Biosciences Inc. - CEO, Phil Floucault

" Isracann Bioscience (CSE:IPOT) facilitated genetics arrive in Israel

Isracann Bioscience (IPOT) announces that its first shipment of cannabis strains has cleared Israeli customs and are being raised as mother stock.
Entourage Health - CEO and Executive Chairman, George Scorsis.

" Entourage (TSXV:ENTG) launches medical cannabis marketplace for the uninsured

Entourage (ENTG) has launched Syndicate, a direct-to-patient medical cannabis marketplace.

" Simply Better Brands (TSXV:SBBC) PureKana Brand, grows 362 per cent vs. one year ago

Simply Better Brands (SBBC) expands its brick-and-mortar retail footprint, which reflects wholesalers, drug stores, convenience stores, as well as CBD specialty retail.
CENTR Brands - CEO, Arjan Chima

" CENTR Brands Corp. (CSE:CNTR) announces net sales growth of over 240 per cent in FY2022

CENTR Brands Corp. (CNTR) announced its audited financial results for the year ending May 31, 2022.