Delta 9 Cannabis

As consolidation hits Canadian cannabis retail, more mergers and acquisitions expected

Consolidation is picking up among Canada’s regulated cannabis retailers as recreational marijuana sales continue their upward monthly trend, with industry insiders predicting more store mergers and acquisitions. The retail M&A trend appears to be driven by a market that’s growing more competitive and crowded in certain areas, large chains attempting to cement their competitive advantage […]

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Delta 9, Manitoba Hotel Association partner up with eye on lodging distribution

Manitoba cannabis producer and retailer Delta 9 Cannabis has inked a deal to be the “exclusive cannabis partner” of the Manitoba Hotel Association (MHA), a transaction that could promote development of new, hotel-operated cannabis stores in the province. The Manitoba government is currently accepting applications for new cannabis store licenses, including a new “controlled access […]

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Most legal cannabis stores in Canada barred from delivery, hampering retailers’ ability to serve customers

As Canada’s federal government urges Canadians to stay at home to combat the COVID-19 pandemic, the vast majority of private-sector cannabis stores in the nation have long been barred by provinces from offering home cannabis delivery services to customers. As of now, only cannabis retailers in Saskatchewan and Manitoba may offer full e-commerce. That could […]

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No Snoop for you! Celebrity names not allowed come cannabis legalization in Canada

Branding partnerships between Canada’s biggest cannabis companies and their celebrity backers will be thrown into limbo when new regulations governing recreational cannabis take effect Oct. 17. The Cannabis Act has general prohibitions on the promotion of marijuana that includes the depiction of a person, character or animal, whether real or fictional. That includes celebrity names, […]

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US retailer, Canadian LPs among groups tapped to sell cannabis in Manitoba

The province of Manitoba has tentatively accepted proposals from four applicants to sell recreational cannabis in the province, paving the way for possibly hundreds of stores in the coming years. In the coming weeks, the Manitoba government will continue to work with the four to determine the number and locations of the stores that will operate. […]

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Global cannabis industry raises whopping $2.7 billion in 2017

Medical marijuana companies around the world have raised $2.7 billion so far this year to capitalize on explosive growth in the industry, an almost 300% increase from the same time last year. More than half that total, $1.6 billion, was raised in Canada via 189 transactions, the Financial Post reported. The data was compiled by […]

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Manitoba’s Delta 9 strikes deal to raise CA$20M for cannabis cultivation and retail

Delta 9 signed a stock-purchase agreement to raise 20 million Canadian dollars ($16 million) to ramp up cultivation and bankroll its bid to become a retailer of recreational marijuana in Manitoba. The Winnipeg, Manitoba-based medical marijuana producer said in a news release it nailed down the bought-deal agreement with a group of underwriters led by […]

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Manitoba looks to private sector to sell recreational marijuana

The Manitoba government has introduced legislation to have private businesses sell recreational marijuana once Canada’s adult-use market launches next year. Home cultivation, meanwhile, would be banned. Under the bill, the Manitoba Liquor & Lotteries Corp. would be responsible for securing all the cannabis for private retail outlets. That would mean Manitoba would have to look to […]

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Manitoba gives private sector a retail role in recreational marijuana

Manitoba became the first province in Canada to carve out a space for the private sector to participate in recreational marijuana sales, unveiling a “hybrid” model that gives entrepreneurs and the public sector a role. The ruling Progressive Conservative party resisted pressure from public-sector unions to hand marijuana sales exclusively to civil servants. The Manitoba […]

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