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Licensed Producer, Delta 9 Bio-Tech to List on The TSX Venture

June 7, 2017

 

Last week, Delta 9 Bio-Tech Inc. executed an agreement with SVT Capital Corp. to list on the TSX Venture exchange via a reverse merger. Yesterday, the company filed with Sedar concerning the completion of a related $3,000,000 CAD convertible debenture "bridge loan".  

 

About Delta 9 Bio-Tech

 

Delta 9 was founded in 2013 by the father and son duo Bill and John Arbuthnot. The company was initially licensed by Health Canada in March of 2014, and currently holds cultivation, sale and starting materials licenses pursuant to the ACMPR

 

The company is currently utilizing 15,000 square feet of their 80,000 square foot licensed facility. Delta 9 cultivates their cannabis using hydroponics, although initially they used geoponics (soil) as their primary cultivation method. Delta 9 is also in the process of opening a cannabis clinic. Currently, Delta 9 serves 1,300 registered patients across Canada and offers a rotation of around 15 strains.

 

Conclusion 

 

Now, the first day of trading for Delta 9 is still a long way down the road (the company expects it to happen sometime in the fall), but we eagerly await another publicly listed LP. If you can't wait till fall for Delta 9, check out our database of publicly traded LPs here, and be sure to check out MedReleaf that just started trading on the TSX today

 

Be sure to subscribe to our free Canadian licensed producer email newsletter so you never miss an important update. Also, visit us on Facebook, Twitter and Instagram!

 

D/M/O

 

Disclaimer

 

Investing in nanocap, microcap, and small cap stocks is highly speculative. The publishers of DailyMarijuanaObserver.com are not registered as Investment Advisors or Broker-Dealers in any jurisdiction whatsoever. The information contained on DailyMarijuanaObserver.com (“this site”) has been prepared solely for informational purposes. Nothing on the site is an offer or solicitation to buy or sell securities. Investors should seek financial advice regarding the appropriateness of investing in any securities mentioned from their financial advisor.

 

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Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.