Delta 9 Cannabis Inc. (OTC:DLTNF) Stock On Watchlist Following Major News

Delta 9 Cannabis Inc. (OTC:DLTNF) announced that its wholly owned subsidiary, Delta 9 Logistics Inc., is aiming to expand the cross-docking and distribution business in Manitoba. Manitoba Liquor & Lotteries Corporation, MBLL, made changes to wholesale distribution regulations.

MBLL implemented a set of fresh regulatory enhancements aimed at improving lead times for delivery of cannabis shipments from distributors and suppliers to Manitoba-based retailers. The enhancements will enable the firm to bring extra cannabis inventory from third-party suppliers, closer to the operating retail network.

This can ameliorate the fulfillment cycle and lead time for retailers. The inventory doesn’t need to be subject to the purchase order to enter the province. MBLL also announced removing the earlier 8-day holding period for retailer orders, enabling purchase orders to ship.

John Arbuthnot, CEO of Delta 9, said that the company views the announcements from MBLL as improving the supply chain efficiency of retailers and improving logistics costs for suppliers. The CEO added that the company believes that the changes will enable it to significantly expand the list of distribution customers and cross-docking. He added that it would augment revenues from the segment. The CEO appreciated the Manitoba government as well as MBLL for taking proactive steps in the last few months to support the cannabis industry.

The firm anticipates that the step will enable it to reduce lead times for deliveries from a few weeks to just 3-5 business days. It operates 11,000 sq ft of cannabis warehousing as well as a distribution operation licensed by MBLL and the Liquor Gaming and Cannabis Authority. Delta 9 aims to commence implementing expanded distribution agreements with suppliers and expects distribution shipments of products in Q3 2023.

John Arbuthnot said that the company’s distribution and logistics services enhance the strategic relationships with licensed producer partners across Canada, and the firm is looking forward to providing a high level of service to customers in Manitoba.

Delta 9 Cannabis Inc. announced getting approval for supplying recreational use cannabis products to Northwest Territories Liquor as well as the Cannabis Commission for sale in the Northwest Territories.

Alexa Goertzen, Vice President of Cannabis Sales, said that this is the company’s eighth Canadian provincial as well as territorial supply approval. The Vice President added that the firm will continue to expand market access and is looking to supply retail stores in the Northwest Territories with Delta 9’s premium-branded cannabis products.

Cannabis Sales is planning to make the first shipment of cannabis for retail sales in the Northwest Territory in quarter three of the year. Delta 9 is in discussions with other territories, provinces, and private retail outlets about securing extra cannabis supply agreements.

Delta 9 Cannabis Inc. is an integrated cannabis company focusing on bringing the highest-quality cannabis products to market.

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