Delta 9 Cannabis Inc. (TSX:DN) has announced the opening of its thirty-fifth Delta 9 Cannabis retail store and thirteenth cannabis store in Manitoba and has also announced the launch of its first mobile cannabis store at music festivals in the province.
The new store is located at 3421 Portage Ave and is part of the Crestview Mall. Within a 2 kilometre range, tenants in the area include Walmart Super Center, Canadian Tire, Shoppers Drug Mart, Safeway, Liquor Mart and Dollarama. This section of Portage Ave traffic corridor is close to the west end of Winnipeg and sees over 100,000 vehicles every day, the company said.
"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. “Two weeks ago, we announced the acquisition of a 17 retail store chain in Alberta and we expect to continue expanding our retail portfolio across Canada through organic growth and strategic acquisitions in the coming months.”
READ: Delta 9 Cannabis strikes deal to become one of Manitoba's first licensed cannabis distributors
Delta 9's retail cannabis concept and its focus on convenient and high-traffic shopping destinations have been a successful part of the company's overall vertical integration strategy. The company provides online and click-and-collect services for the Crestview location like most of its other cannabis stores in Manitoba.
"We started 2020 with four retail stores and now have 35 cannabis retail stores in operation across the Canadian Prairies. The company has an aggressive growth strategy to roll up additional cannabis retail stores into the Delta 9 retail network over the next 12 months," added Arbuthnot.
Cannabis sales on-site at music festivals
In a separate statement, the company announced the launch of its first mobile cannabis store, licensed by the Liquor Gaming and Cannabis Authority of Manitoba to sell cannabis on-site at the 2022 Dauphin Countryfest and the 2022 Rock the Fields Minnedosa music festivals. The company said it believes this will be Canada's first licensed mobile retail store to sell cannabis at music festivals.
"We are excited to be the first cannabis retailer in Canada to develop a mobile store concept and receive temporary licenses from our regulator to participate in these flagship music festivals this summer in Manitoba," said Arbuthnot. "These festivals are premier country and rock events in Manitoba and this represents a new milestone for cannabis availability in Canada. Our team is also currently exploring additional mobile and seasonal store opportunities in Manitoba and elsewhere."
Dauphin's Countryfest is Canada's longest-running country music festival, taking place July 1-3, 2022 with a full lineup of some of Canada's the best performers in country music. Rock the Fields Minnedosa is Canada's premier classic rock festival with outstanding rock performers being held at the Club Regent Casino & Event Centre Main Stage and the Co-op Hilltop Stage. Delta 9 developed the mobile store for the 2022 events in partnership with the Tweed, Sundial, Truss and Wyld cannabis brands.
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.
Delta 9's 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, Manitoba, Canada. Delta 9 owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand.
Contact the author at jon.hopkins@proactiveinvestors.com