Opinion: Why MSOs should embrace hemp-derived delta-9 THC products
There’s an opportunity for cannabis companies to get products to consumers who would never enter a retailer: delta-9 THC derived from hemp.
There’s an opportunity for cannabis companies to get products to consumers who would never enter a retailer: delta-9 THC derived from hemp.
Winnipeg, Manitoba-based marijuana cultivator and retailer Delta 9 Cannabis is cutting its cultivation capacity by about 40%, including “a temporary layoff of approximately 40 staff,” as part of a plan to achieve positive cash flow from operations.
Four Canadian companies signed agreements with Manitoba marijuana wholesaler Manitoba Liquor & Lotteries (MBLL) to distribute cannabis in the province.
Manitoba, Canada-based marijuana grower and retailer Delta 9 Cannabis closed a deal to acquire 17 stores in Alberta and arranged a private placement worth 10 million Canadian dollars ($8 million) from Sundial Growers.
Winnipeg, Manitoba-based Delta 9 Cannabis entered into a binding commitment letter with ConnectFirst Credit Union to secure 32 million Canadian dollars ($25.6 million) in low-interest credit facilities.
Large Canadian cannabis producers are turning to small-batch cultivators to tap into a growing consumer appetite for higher-quality “premium” marijuana products.
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.
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.
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.