DELTA 9 CANNABIS INC. provided guidance on its revenue forecast for the thee-month and nine-month period ending September 30, 2021 based on preliminary results:
- The Company anticipates revenue for the three-month period ending September 30, 2021, to be between $15.1 million and $15.4 million compared with $13.1 million for the same period last year.
- The Company anticipates revenue for the nine-month period ending September 30, 2021, to be between $45.0 million and $45.3 million, compared to $37.9 million for the same period last year.
The Company will provide investors with a full breakdown of revenue and financial results as part of its Financial Statements and Management Discussion and Analysis for the three-month and nine-month period ending September 30, 2021. A news release on the financials will be issued on November 15, 2021, before the stock market opens. This will be followed by a conference call the same morning, the details of which can be found at the end of this release.
The preliminary estimated revenues for the three-month and nine-month period ended September 30, 2021, set forth above are subject to the completion of the Company’s financial closing procedures. These preliminary estimated financial results have been prepared by and are the responsibility of the Company’s management.
The Company currently expects that its final results for revenue will be consistent with the estimates set forth above, but such estimates are preliminary, and the Company’s actual results of operations and other data could differ materially from these estimates due to the completion of its financial closing procedures, final adjustments and other developments that may arise between now and the time such consolidated financial statements for the period ended September 30, 2021 are issued.
2021 Third Quarter Results Conference Call
Delta 9 will release the results for the third quarter of 2021 on November 15, 2021, before the market opens. A conference call to discuss the above results is scheduled for the morning of November 15, 2021, pre-market. The conference call will be hosted that day at 9:00 a.m. Eastern Time by John Arbuthnot, Chief Executive Officer, and Jim Lawson, Chief Financial Officer, followed by a question-and-answer period.
|DATE:||November 15, 2021|
|TIME:||9:00 am Eastern Time|
|Dial in #||1-888-886-7786|
Available until 12:00 midnight Eastern Time, November 15, 2022
|Replay passcode:||992950 #|
About Delta 9 Cannabis Inc.
Delta 9 Cannabis Inc. is a vertically integrated cannabis company focused on bringing the highest quality cannabis products to market. The Company sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. Delta 9’s wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. Delta 9 owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. Delta 9’s shares trade on the Toronto Stock Exchange under the symbol “DN” and on the OTCQX under the symbol “DLTNF”. For more information, please visit www.delta9.ca.