CEO's Response to burning investors "Hello,
I'm sure you realize that, as the largest shareholders in Delta 9 Cannabis Inc. (36,000,000+ shares), no one appreciates more than Bill and I the financial impact to shareholders of the decrease in share price thus far over 2018. However, I feel your negative comments regarding the "mismanagement" of the company since we have gone public are misguided.
Firstly, I would point out that over the past 12 months, Delta 9 shareholders have enjoyed an increase in share price from $0.25 - to $1.46 today, a 12 month return which eclipses every single publically traded cannabis company. Over that time the market capitalization of the company has increased from $10 Million to over $110 Million, also a growth metric which puts us at the top of the sector.
Second, Since our debut on the TSXV last fall Delta 9's management has achieved several material positive milestones including;
- Raising $23 Million dollars, fully funding our 600 Grow Pod, 17,500 Kg capacity and our retail rollout for 2018.
- Securing Health Canada approval for an additional 143 Delta 9 Grow Pods
- Securing a distribution partnership with Canopy Growth through their Craft Grow Program
- Inclusion in Horizions Life Sciences Cannabis ETF
- Establishing a retail Joint Venture with Canopy Growth for retail in Manitoba, which includes supply covenants, and successfully obtaining a license from the government in Manitoba
- Establishing a partnership with Manitoba's largest Craft beer producer to develop hemp infused beer products and, over the long term, cannabis infused beer products
- Securing and exercising rights to purchase 47 Acres of land and 180,000 square feet of warehouse space, including our currently licensed facility, and securing our growth path over the coming years
- Establishing a partnership with West Leaf Cannabis to develop a 69,000 square foot production facility in Calgary, Alberta
- Establishing a partnership with PharmaSave, Canada's largest chain of independent pharmacies, to work on medical document referrals and, over the long term, to supply product as a preferred supplier
- Establishing a partnership with Kalapa and CanPharma for distribution into Germany
- Establishing a supply agreement with Sundial Growers in Alberta to supply Delta 9 with up to 5,000 Kilograms of dried cannabis per year
Sufficed to say, Delta 9 has never been better positioned in the medical and recreational cannabis markets as we are today. As your management team we are responsible for implementing our business plan with the goal of creating long term value for shareholders and we will continue to do so, regardless of short term fluctuations in the stock price.
If you have any further questions or concerns please don't hesitate to contact us through our website, info@, or contact our communication team.
Regards,
John Arbuthnot
CEO
Delta 9 Cannabis Inc. "