Saturday, June 14, 2025

Latest

Delta 9 Sees Revenues Decline To $15.2 Million, Posts Net Loss

Delta 9 Cannabis (TSX: DN) this morning reported its third quarter financial results, posting revenues of $15.2 million for the quarter. The firm also posted a net loss for the period of $0.8 million.

Revenues were down on a quarter over quarter basis, falling from $16.8 million to $15.2 million. The decline was said to be based on a “degree of seasonality” as well as timing issues related to wholesale sales.

Gross profit before fair value adjustments however was rather unaffected, falling from $4.9 million to $4.8 million. Operating expenses meanwhile increased from $5.7 million to $6.5 million, with the largest expense being general and administrative at $4.7 million. Sales and marketing meanwhile came in at $2.6 million.

Following fair value adjustments, the company reported a loss from operations of $0.1 million, which then fell to a net loss of $0.8 million after other expenses. Adjusted EBITDA meanwhile came in at $0.2 million, as compared to $1.2 million in the second quarter.

Delta 9 Cannabis last traded at $0.39 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

Aznalcóllar Corruption Case Nears Conclusion | David Gower – Emerita Resources

Why Precious Metals Crashed on Trump’s Trade Deals? | Jesse Day

Big Gold Miners Don’t Trust $3,300 Gold, Do They See a Crash Ahead? | Rob McEwen

Recommended

NexGen Energy Receives Approval For Site Expansion At Rook I Project

ESGold Sees Installation Of Humphrey Spirals Completed At Montauban

Related News

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...

Tuesday, March 10, 2020, 08:49:08 AM

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

Simply Solventless Buys An Asset For… Free?

Simply Solventless (TSXV: HASH) has seemingly managed to pull one more rabbit out of the...

Saturday, January 4, 2025, 11:47:00 AM

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

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