Saturday, May 31, 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

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Delta 9 Seeks Bankruptcy Protection as Debt Soars Over $133 Million

Delta 9 Cannabis (TSX: DN) has entered creditor protection under the Companies’ Creditors Arrangement Act...

Monday, July 22, 2024, 12:13:00 PM

Delta 9 Provides Q3 Guidance of $6.3 Million, Down from Q2 Revenues of $8.9 Million

Delta 9 Cannabis (TSX: DN) provided guidance for its third quarter financials last night, indicating...

Wednesday, November 6, 2019, 09:46:48 AM

Delta 9 To Bring Kief to Canadian Marketplace in Third Quarter

Delta 9 Cannabis (TSX: DN) put out a news release this afternoon chock full of...

Monday, September 2, 2019, 06:18:10 PM

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

Auxly, Delta 9 Enhance Strategic Partnership

Auxly Cannabis (TSXV: XLY) announced this morning that it has enhanced its partnership with that...

Tuesday, February 25, 2020, 08:20:06 AM