M Partners – Delta 9 Cannabis Outlook

“The province of Manitoba has laid out a plan for the opening of 40 retail cannabis locations by four approved operators. As one of the four approved retailers, NINE (in a 50/50 JV with Canopy Growth) anticipates opening cannabis retail stores across the province – the first two in Winnipeg, followed by Brandon, and Thompson. We estimate that at an average $5M in revenue per store NINE’s initial four retail stores will generate $20M in the first full year of operations (2020).”  – Read the full report here.