Source: Manitoba Co-operator
  • Delta 9 Cannabis (DN) gets approval from Health Canada for two expansion approvals
  • The expanded licensed perimeter will allow the company to improve control systems, and improve its operational flow
  • The new purpose-built storage and distribution area will allow Delta 9 to improve its product packaging, case-packing, and distribution efficiency
  • It anticipates that the new storage area will improve its competitive position in provincial markets
  • Delta 9 Cannabis Inc. (DN) is trading at C$0.42 at 1:45 pm PT

Delta 9 Cannabis (DN) has received approval from Health Canada for two expansion approvals for its Winnipeg-based facilities.

The expansion approvals allow for an expansion of the company’s licensed perimeter at its Winnipeg-based facilities, expanding the area currently under license from approximately 80,000 square feet to approximately 95,000 square feet, and the licensing of a new 7,500 square foot purpose-built storage and distribution area.

The expanded licensed perimeter will allow the company to improve control systems, improve the operational flow of its operations, and position the company to better plan for future expansions of its licensed cannabis operations areas.

The new purpose-built storage and distribution area will allow the company to improve its product packaging, case-packing, and distribution efficiency to better allow it to cater to its provincial distribution markets across Canada.

It anticipates that the new storage area will improve its competitive position in provincial markets across the country.

Delta 9 is a cannabis company focused on bringing the highest quality cannabis products to market.

Delta 9 Cannabis Inc. (DN) is trading at C$0.42 at 1:45 pm PT.

More From The Market Online

Unsung profits: Three microcap stocks with a strong case for value

A key factor behind picking winning microcap value stocks is identifying dislocations between company performance and market perception.

Buzz on the Bullboards: A recap of recent activity and stocks in focus

Following a major sell-off, stock markets have been on edge, monitoring corporate earnings to gauge the direction of the economy.

The Market Online’s Weekly Cannabis Report – April 19, 2024

Cannabis news this week: Canopy Growth shareholders overwhelmingly voted to approve a new class of exchangeable shares.

Buzz on the Bullboards: Challenges amid inflation and geopolitical tensions

Canadian and U.S. stock markets grapple with a host of challenges, from surging inflation data to escalating tensions in the Middle East.