Delta 9 Cannabis Inc (TSX:DN) said it has opened its fortieth retail cannabis store, which also happens to be the company’s eighteenth store in Manitoba.
“Delta 9 expanded its retail network by 24 stores in 2022 and we expect continued expansion of our retail portfolio across Canada next year. The opening of our newest Winnipeg store highlights our commitment to continued expansion in our retail segment of our business,” John Arbuthnot, CEO of Delta 9 said in a statement.
“The Winnipeg market has underpinned the growth of Delta 9 over the past four years, making us Manitoba’s best-known cannabis store," he added.
READ: Delta 9 Cannabis establishes up to $5 million at-the-market (ATM) equity program
The new store is located at 78 Marion St. in the centre of Manitoba’s French-speaking community in St. Boniface and is part of the Norwood Hotel and beer vendor. Tenants within a 2-kilometre range include Shoppers Drug Mart, Dollar Tree, McDonalds and the Forks in downtown Winnipeg, the company said.
The new store offers customers a modern shopping décor, highly trained staff, and a wide range of products, including dried cannabis flower, cannabis oil, edibles, drinkables, vape pens, and concentrates.
The company’s retail cannabis concept and its strategic focus on high-traffic shopping destinations have been a successful part of the company’s overall vertical integration strategy.
Delta 9 Cannabis is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. The company sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses.
Its wholly-owned subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000-square-foot production facility in Winnipeg. The company also owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand.
Contact the author at jon.hopkins@proactiveinvestors.com