Friday, September 12, 2025

Latest

Delta 9 Guides To Fourth Quarter Revenues of $10.0 Million

Delta 9 Cannabis (TSX: DN) this morning released guidance for its fourth quarter and full year results for 2019. Full financial results have also been set for release on March 19, 2020, with the associated conference call to occur the following morning.

For the fourth quarter of 2019, the company expects to report net revenues of between $10 and $10.5 million, which is a substantial increase over the firms disappointing third quarter figures which came in at $6.7 million. At the time, the firms third quarter results disappointed investors whom had expected much higher figures given second quarter results of $8.9 million.

In terms of the full year financial outlook, the company as a result is expecting to recognize revenues of between $31.1 million and $31.7 million for fiscal year 2019. This is a significant increase on a year over year basis, with Delta 9 recognizing revenues of only $7.57 in FY2018.

With respect to production, guidance figures were also provided. The company harvested approximately 1,305 kilograms of cannabis during the quarter, compared to 871 kilograms in the prior quarter. Production costs also fell on a preliminary basis, with direct production costs coming in at $0.91 per gram and total cost per gram hitting $1.04, as compared to $1.08 and $1.21 in the prior period respectively.

Delta 9 Cannabis last traded at $0.46 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.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Delta 9 Cannabis to Step Into Alberta Retail

Delta 9 Cannabis (TSX: DN) announced late this evening that it would be expanding its...

Thursday, September 19, 2019, 09:53:41 PM

Delta 9 Cannabis Guides To Q1 Revenues Between $12.9 – $13.3 Million

Delta 9 Cannabis (TSX: DN) last night provided guidance for its first quarter financial results,...

Friday, May 7, 2021, 07:45:38 AM

Westleaf Receives First Supply Order from Delta 9 for Vape Products

On November 4th, Westleaf Inc (TSXV: WL) finalized a one-year sales agreement with Delta 9...

Monday, November 4, 2019, 11:47:32 AM

Delta 9 Cannabis Announces Q3 2021 Revenue Guidance: $15.1 – $15.4 Million

Delta 9 Cannabis (TSX: DN) provided on Monday its guidance for the third quarter financial results...

Tuesday, November 2, 2021, 11:04:00 AM

Delta 9 Cannabis Posts Revenues of $8.88 Million

Delta 9 Cannabis (TSXV: DN) filed its second quarter financials after the bell today, recognizing...

Tuesday, August 27, 2019, 05:59:43 PM