Delta 9 Cannabis (TSX: DN) last night provided guidance for its first quarter financial results, wherein the company anticipates revenues to come in between $12.9 million and $13.3 million. Full financial results are expected to be released May 17 by the company before the opening of markets.
The guidance provided by the company effectively amounts to preliminary results for the quarter. Revenues are expected to be up from the $11.8 million reported in Q1 2020, while the company has effectively guided to a decline in results on a quarter over quarter basis, with the fourth quarter having seen $14.2 million in revenues.
Outside of revenues, the company has guided to production costs per gram of $0.60, along with total costs per gram of $0.75 for the quarter. Cannabis production meanwhile is slated to be just under 2.2 million grams, compared to 2.1 million grams in the fourth quarter. Finally, retail transactions proceeds climbed to 210,138 for the quarter, compared to 202,347 transactions in the fourth quarter.
Details on an expected net income or loss were not provided by the company.
Delta 9 Cannabis last traded at $0.55 on the TSX.
Information for this briefing was found via Sedar and Delta 9 Cannabis. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
