Delta 9 Increases Production of Cannabis Pre-Rolls, Secures Funding Support from Manitoba Agriculture
“The expansion in pre-roll manufacturing capacity marks a significant milestone for Delta 9. In 2022 we produced and sold over 1 million cannabis pre-rolls, generating over $2.3 million in revenue,” said John Arbuthnot, CEO of Delta 9. “We anticipate that the new automated pre-roll equipment will allow Delta 9 to produce up to four million pre-rolls per year with significantly lower manufacturing costs and improved contribution margins from the sale of pre-roll products. We want to thank the Government of Manitoba for their partnership in this investment through the AG Action Manitoba program.”
The Company plans to add multiple strain specific and innovative cannabis pre-roll products to its portfolio in 2023 and views the pre-roll segment as a key growth driver for the Company’s wholesale cannabis business.
The Canadian Agricultural Partnership is a bilateral agreement between the Government of Canada and the Government of Manitoba which oversees the AG Action Manitoba program (the “Program”). The Program funds investments in the Manitoba agriculture sector with a directive to enhance the diversification, competitiveness, and sustainability of the agriculture, agri-food, and agri-product sector by accelerating the pace of innovation in the Province of Manitoba.
For more information contact:
Investor & Media Contact:
Ian Chadsey VP Corporate Affairs