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Delta 9 Cannabis Inc (DN.TO)

DN.TO on TSX Venture Exchange

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5 Dec 2019
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Latest Key Developments (Source: Significant Developments)

Delta 9 Receives Extract Sales Authorization From Health Canada
4:30am IST 

Dec 6 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 RECEIVES EXTRACT SALES AUTHORIZATION FROM HEALTH CANADA.DELTA 9 CANNABIS INC - COMPANY WILL BE AUTHORIZED TO BEGIN SALES OF CANNABIS EXTRACTS ON JANUARY 5, 2020.  Full Article

Delta 9 Cannabis - Received Health Canada Approval To Place 95 New Grow Pods From Its Phase II Expansion Into Production
Tuesday, 3 Dec 2019 

Dec 2 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 CANNABIS INC - RECEIVED HEALTH CANADA APPROVAL TO PLACE 95 NEW GROW PODS FROM ITS PHASE II EXPANSION INTO PRODUCTION.DELTA 9 CANNABIS - ANTICIPATES ADDITIONAL GROW PODS WILL BRINGING OVERALL ANTICIPATED PRODUCTION CAPACITY TO 8,325 KG/YEAR.DELTA 9 CANNABIS INC - "IN LIGHT OF CURRENT CANNABIS MARKET ENVIRONMENT WE ARE TAKING A MORE CONSERVATIVE APPROACH TO CAPITAL DEPLOYMENT".  Full Article

Delta 9 Cannabis Enters Definitive Agreement To Buy Two Alberta Retail Stores
Friday, 22 Nov 2019 

Nov 21 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 ENTERS DEFINITIVE AGREEMENT TO ACQUIRE TWO ALBERTA RETAIL STORES.DELTA 9 CANNABIS - PURCHASE PRICE FOR PROPOSED TRANSACTION IS $1.3 MILLION.  Full Article

Delta 9 Cannabis Inc - Operating Revenues Of $6.7 Million For Q3 Of 2019, Up 432%, From $1.3 Million For Same Quarter Last Year
Thursday, 14 Nov 2019 

Delta 9 Cannabis Inc ::DELTA 9 CANNABIS INC - OPERATING REVENUES OF $6.7 MILLION FOR Q3 OF 2019, UP 432%, FROM $1.3 MILLION FOR SAME QUARTER LAST YEAR.DELTA 9 CANNABIS INC - QTRLY LOSS PER SHARE $0.02.DELTA 9 CANNABIS INC QTRLY TOTAL GRAMS PRODUCED 871,516 GRAMS VERSUS 675,233 GRAMS FOR 3-MONTH PERIOD ENDING JUNE 30.DELTA 9 CANNABIS INC QTRLY AVERAGE SELLING PRICE PER GRAM FOR WHOLESALE UNIT $4.19 VERSUS $5.63 FOR 3-MONTH PERIOD ENDING JUNE 30.DELTA 9 CANNABIS INC QTRLY AVERAGE SELLING PRICE PER GRAM FOR RETAIL UNIT $12.47 VERSUS $12.42 FOR 3-MONTH PERIOD ENDING JUNE 30.  Full Article

Delta 9 Cannabis Expects Q3 Revenue To Be Between $6.3 Mln And $6.9 Mln
Wednesday, 6 Nov 2019 

Nov 5 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 CANNABIS INC - DELTA 9 ANTICIPATES REVENUES FOR THREE-MONTH PERIOD ENDING SEPTEMBER 30, 2019 TO BE BETWEEN $6.3 MILLION AND $6.9 MILLION.DELTA 9 CANNABIS - SEES REPORTING DIRECT CANNABIS PRODUCTION COST PER GRAM OF $1.08 & TOTAL COST PER GRAM OF $1.21 FOR 3-MONTH PERIOD ENDING SEPT. 30.DELTA 9 CANNABIS INC - DELTA 9 ANTICIPATES REPORTING TOTAL GRAMS PRODUCED OF 871,516 FOR THREE-MONTH PERIOD ENDING SEPTEMBER 30, 2019.  Full Article

Delta 9 Agrees To Increase Bank Credit Facility To $18.1 Million
Thursday, 15 Aug 2019 

Aug 14 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 AGREES TO INCREASE BANK CREDIT FACILITY TO $18.1 MILLION.DELTA 9 CANNABIS INC - CHANGES WILL BRING COMPANY'S TOTAL CREDIT FACILITY WITH BANK TO APPROXIMATELY $18.19 MILLION..  Full Article

Delta 9 Provides Guidance For Q2, 2019 Results, Anticipating Revenues Of $8.1M To $8.8M
Wednesday, 7 Aug 2019 

Aug 6 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 PROVIDES GUIDANCE FOR Q2, 2019 RESULTS, ANTICIPATING REVENUES OF $8.1M TO $8.8M.DELTA 9 CANNABIS INC - CONTINUES TO RAMP UP ITS PRODUCTION CAPACITY TO 5,350 KILOGRAMS OF CANNABIS PER YEAR DURING 2019.  Full Article

Delta 9 Announces Future Expansion Plans Including Increase Of Production Capacity To 60,000 Kilograms By 2022
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 ANNOUNCES FUTURE EXPANSION PLANS INCLUDING INCREASE OF PRODUCTION CAPACITY TO 60,000 KILOGRAMS BY 2022.DELTA 9 CANNABIS INC - ANTICIPATED CAPITAL COSTS OF APPROXIMATELY $115 MILLION RELATED TO PHASE 3 EXPANSION PLANS.DELTA 9 CANNABIS INC - CURRENTLY REVIEWING ITS STRATEGIC OPTIONS FOR FUNDING EXPANSION COSTS.DELTA 9 CANNABIS INC - ESTIMATED CAPITAL COSTS OF ABOUT $24 MILLION FOR PHASE 2 EXPANSION WHICH IS UNDERWAY; WILL BE FUNDED FROM CURRENT CASHFLOW.  Full Article

Delta 9 Cannabis Signs Master License Agreement With Nanosphere Health Sciences And Its Canadian Unit
Thursday, 24 Jan 2019 

Jan 24 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 CANNABIS - HAS SIGNED MASTER LICENSE AGREEMENT WITH NANOSPHERE HEALTH SCIENCES AND ITS CANADIAN UNIT.DELTA 9 CANNABIS - AGREEMENT PROVIDES CO EXCLUSIVE LICENSE IN CANADA TO MANUFACTURE, SELL PRODUCTS MADE WITH NANOSPHERE'S PATENTED TECHNOLOGY.DELTA 9 CANNABIS INC - UNDER TERMS, CO & NANOSPHERE WILL EACH RECEIVE 50 PERCENT OF GROSS PROFIT FROM SALE OF NANOSPHERE TECHNOLOGY-BASED PRODUCTS.DELTA 9 CANNABIS - INITIAL TERM OF AGREEMENT IS 36 MONTHS FOLLOWING DATE HEALTH CANADA APPROVES LICENSED PRODUCTS FOR SALE.  Full Article

Delta 9 Closes Property Acquisition And Obtains Related Financing
Thursday, 11 Oct 2018 

Oct 11 (Reuters) - Delta 9 Cannabis Inc ::DELTA 9 CLOSES PROPERTY ACQUISITION AND OBTAINS RELATED FINANCING.DELTA 9 CANNABIS - PORTION OF PURCHASE PRICE FOR PROPERTY AND EQUIPMENT WILL BE PAID BY CO FROM FUNDS ADVANCED PURSUANT TO A $12 MILLION LOAN.DELTA 9 CANNABIS INC - PORTION OF PURCHASE PRICE FOR PROPERTY AND EQUIPMENT WILL ALSO BE PAID FROM A CREDIT FACILITY PROVIDED BY CANADIAN WESTERN BANK.DELTA 9 CANNABIS INC - FIRST PHASE OF EXPANSION IS ON TRACK TO INCREASE ANNUAL PRODUCTION TO 17,500 KILOGRAMS OF CANNABIS ANNUALLY BY END OF 2019.  Full Article