Delta 9 Cannabis Inc. has completed a C$6.25 million acquisition of land including an 80,000 square foot building from cannabis producer 6599362 Canada Ltd.
Delta 9, a medical cannabis producer, has been operating its production facility at the Winnipeg, Manitoba, location since 2013. The Vancouver, British Columbia-based company also purchased cannabis grow pods from 6599362 Canada for C$952,000.
The deal has been conditionally approved by the Toronto Stock Exchange and is subject to final approval after certain filings by the company.
Delta 9 plans to increase its annual cannabis production to 17,500 kilograms by the end of 2019.