Delta 9 Places 64th on The Globe and Mail's Annual Ranking of Canada's Top Growing Companies
September 23, 2022
WINNIPEG, Manitoba, Sept. 23, 2022 (GLOBE NEWSWIRE) -- DELTA 9 CANNABIS INC. DN DLTNF ("Delta 9" or the "Company"), is pleased to announce that it has placed 64th on the 2022 Report on Business ranking of Canada's Top Growing Companies out of the 430 companies that participated.
Canada's Top Growing Companies ranks Canadian companies on three-year revenue growth. Delta 9 Cannabis earned its spot with three-year revenue growth of 723%. Delta 9's annual revenues have grown from $7.6 Million in 2018 to $62.3 Million in 2021.
"Today's recognition by The Globe and Mail, one of Canada's most prestigious daily newspapers, is further validation of Delta 9's continued growth trajectory," said John Arbuthnot, CEO of Delta 9. "We achieved significant revenue growth over the last 3 years by expanding our retail network to 38 stores, from 4 in 2020, and expanding our portfolio of Delta 9 products across our core markets. In the months ahead we have identified several proactive growth opportunities to maneuver the current economic conditions by continuing to expand our retail cannabis store network across Canada and expand our wholesale cannabis business into new domestic and international markets."
Canada's Top Growing Companies is an editorial ranking that was launched in 2019. It aims to celebrate the boldest entrepreneurial achievement by identifying and bringing the accomplishments of innovative businesses in Canada to the forefront. In order to qualify for this voluntary program; companies had to complete an in-depth application process and fulfill requirements. In total, 430 companies earned a spot on this year's ranking.
The full list of 2022 winners along with editorial coverage is published in the October issue of Report on Business magazine.
"Canada's Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada," says Dawn Calleja, Editor of Report on Business magazine. "The next generation of Canadian businesses can draw inspiration from this ranking."
"In an uncertain world, the success stories of the companies marked in this year's Report on Business magazine's list of Top Growing Companies are a beacon of optimism," says Phillip Crawley, Publisher and CEO of The Globe and Mail. "The Globe and Mail congratulates them on their achievements."
For more information contact:
Investor & Media Contact:
Ian Chadsey VP Corporate Affairs
About Delta 9 Cannabis Inc.
Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. 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. Delta 9's shares trade on the Toronto Stock Exchange under the symbol "DN" and on the OTCQX under the symbol "DLTNF". For more information, please visit www.delta9.ca.
About The Globe and Mail
The Globe and Mail is Canada's foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With our award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in our print or digital formats, and Report on Business magazine reaches 2.3 million readers in print and digital every issue. Our investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company's future business plans and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include statements relating to: (i) Delta 9's growth strategy for retail stores, production and B2B sales; Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements, as well as all risk factors set forth in the annual information form of Delta 9 dated March 31, 2022 which has been filed on SEDAR. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. Readers are urged to consider these factors carefully in evaluating the forward-looking statements contained in this news release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.