Delta 9 Cannabis Inc DLTNF

Delta 9 Cannabis Inc. is a Canada-based vertically integrated cannabis company. The Company operates through three segments: Wholesale Cannabis, Retail Cannabis and Merchandise and Devices, and Business to Business. The Company sells cannabis products through its wholesale and retail sales channels and sells its cannabis growing pods to other businesses. Its cannabis products include dried cannabis and pre-rolled joints. Its edibles and vapes include vape pens and concentrates, edibles, and drinkables. The Company, through its wholly owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis products and operates a 95,000-square-foot Health Canada licensed production facility in Winnipeg, Manitoba, Canada. It also owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. It is focused on producing and selling cannabis oils, extracts, and derivative products.

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Delta 9 Cannabis Inc

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Post by gnote1on Nov 02, 2020 6:53pm

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News

https://stockhouse.com/news/press-releases/2020/11/02/delta-9-achieves-milestone-one-millionth-retail-transaction

1,000.000 retail transactions acheived!

WINNIPEG, Manitoba, Nov. 02, 2020 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”) is pleased to announce it has now surpassed one million transactions through its retail cannabis stores since legalization of recreational use cannabis. The Company opened its first “Delta 9 Cannabis Store” on October 17, 2018 and has since grown its retail store footprint to seven operating stores in the Manitoba and Alberta markets.

In addition to achieving the milestone number of transactions, the Company is pleased to provide the following statistics in connection with its retail cannabis business;

Over 1,000,000 in-store and online transactions
Over $50 Million in-store and online retail revenues
Average transaction size of $50.20 per transaction
Over 1.5 Million unique website visitors to delta9.ca
Over 17,000 square feet of retail store space averaging $2,021 in revenue per square foot per year.
Average Gross Profit margin of approximately 26%