Delta 9 Cannabis Stock Price, News & Analysis

Delta 9 Cannabis Inc operates as a vertically integrated cannabis company headquartered in Winnipeg, Manitoba, Canada. Through its wholly-owned subsidiary, Delta 9 Bio-Tech Inc., the company is a licensed producer of medical and recreational cannabis, operating a 95,000 square foot production facility in Winnipeg. The company's product portfolio includes dried cannabis flowers, pre-rolls, dried sift cannabis, oils, and various extracted and derivative products. Delta 9 also manufactures and sells proprietary grow pods and live plants to other licensed and pre-licensed cannabis companies.

The company operates an extensive retail network under the Delta 9 Cannabis Store brand, with over 35 retail locations across Canada. Delta 9 made industry headlines by launching what it claims to be Canada's first mobile cannabis store. The company distributes its products through both wholesale and retail sales channels, providing comprehensive market coverage across the Canadian cannabis industry.

Delta 9's shares trade on the Toronto Stock Exchange under the symbol "DN" and on the OTC Markets in the United States under the symbol "DLTNF." The company has demonstrated consistent revenue growth, reporting net revenues of $71.1 million for the year ending December 31, 2023, representing a 12% increase from the prior year. Gross profit also improved significantly to $18.0 million in 2023, up 39% from 2022, reflecting improved operational efficiency and expanded market presence.