Overview

:

Overview

One of Canada’s Original Cannabis Companies

Delta 9 Cannabis Inc. is a diversified and vertically integrated cannabis company focused on bringing the highest quality cannabis products and services to market.

The Company, through its wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis products and operates an 80,000 square foot Health Canada licensed production facility in Winnipeg, Manitoba, Canada. The Company sells its recreational cannabis products in markets across Canada.

The Company currently operates 7 cannabis retail stores under the “Delta 9 Cannabis Store” brand in two provinces with plans to open up to an additional 9 retail outlet stores in jurisdictions which allow for privatized cannabis retail over the next 24 months.

The Company also operates a “Business to Business” segment, selling its own proprietary Grow Pods, Cannabis genetics, and providing consulting and licensing services to other cannabis businesses.

Delta 9’s diversified approach gives investors unique exposure to several high-growth segments in the rapidly growing cannabis sector.

Over the year 2019, Delta 9 grew its business to over $65 Million in assets and over $31 Million in annual revenues. Our shares are listed on the Toronto Stock Exchange under the symbol “DN” and on the OTCQX under the symbol “VRNDF”.

Peer Comparative Analysis

Canaccord Genuity Equity Research

CANADIAN
CANNABIS COMPANY
TICKER SHARE PRICE MARKET
CAP (M)
EV/EBITDA
CY2020E   CY2021E
EV/REVENUE
CY2020E   CY2021E
Canopy Growth WEED $20.70 $9,240 N/A 100.1x 11.7x 10.0x
Aphiria Inc. APHA $4.43 $1,295 22.7x 9.0x 2.0x 1.4x
Tilray 2, 1 TLRY $7.10 $2,730 N/A 58.8x 6.3x 4.1x
OrganiGram Holdings OGI $2.61 $591 8.2x 5.8x 2.5x 1.9x
Supreme Cannabis Company FIRE $0.29 $128 8.1x 4.3x 1.2x 1.0x
Aurora Cannabis ACB $1.18 $2,557 N/A 28.5x 7.4x 4.8x
HEXO Corp. HEXO $0.51 $436 N/A 7.6x 2.5x 1.8x
Cronos Group Inc. CRON $8.61 $3,654 N/A 6.3x 1.5x 1.0x
The Green Organic Dutchman TGOD $0.28 $145 N/A 2.7 1.5x 0.9x
Delta 9 Cannabis DN $0.45 $48 12.4x 7.8x 1.1x 0.9x
VIVO Cannabis VIVO $0.20 $90 N/A 3.8x 1.4x 0.8x
MediPharm Labs Corp. LABS $1.49 $405 8.4x 4.7x 1.9x 1.4x
High Tidc HITI $0.13 $69 $21.5x 2.0x 0.4x 0.2x
Westleaf WL $0.11 $45 N/A 0.7x 0.8x 0.3x
Valens VLNS $2.30 $533 15.7x 5.4x 2.2x 1.7x
Average of
Canadian Companies
13.9x 13.6x 2.7x 2.0x

Date: April 2020

Corporate Timeline

March 2014:
Winnipeg Facility licensed under MMPR
Feb 2018:
Awarded retail store licenses in Manitoba
Sept 2018:
Completed $16.25MM strategic investment from Auxly Cannabis
Nov 2018:
Completed Phase 1 expansion (4,200 Kg/yr)
Feb 2019:
Secured Saskatchewan supply agreement
May 2019:
Received expansion approval from Health Canada "HC" (5,300 Kg/yr) and secured Alberta supply agreement
Sept 2019:
Received oils sales license and HC license renewal to 2022
Sept 2019:
Entered agreement to purchase 2 retail stores in Alberta
Nov 2017:
Commenced trading on the TSX-V under Symbol NINE
June 2018:
Secured 2,300 Kg/yr Manitoba supply deal
Oct 2018:
Opened first Delta 9 Cannabis store on October 17, 2018
Jan 2019:
Divested interest in Calgary facility for 5.6MM shares in Westleaf Inc.
Mar - Apr 2019:
Opened 2nd and 3rd retail stores in Winnipeg and Brandon, MB
Sept 2019:
Secured up-listing to main board TSX
Sept 2019:
Opened 4th retail store in Thompson, MB
Oct 2019:
Secured supply agreement with B.C.

Hi. Welcome to Delta 9 Cannabis

Enter Your Date of Birth

  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31

    Your are still not of legal age to access this site.

    Submit

    You must be of legal age in accordance with the law of your province to access this website.