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Delta 9 Cannabis Inc. T.DN

Alternate Symbol(s):  DLTNF

Healthcare Cannabis
Delta 9 Cannabis Inc. is a Canada-based vertically integrated cannabis company. The Company operates through three segments: Wholesale Cannabis, Retail Cannabis and Merchandise and Devices, and Business to Business. The Company sells cannabis products through its wholesale and retail sales channels and sells its cannabis growing pods to other businesses. Its cannabis products include dried cannabis and pre-rolled joints. Its edibles and vapes include vape pens and concentrates, edibles, and drinkables. The Company, through its wholly owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis products and operates a 95,000-square-foot Health Canada licensed production facility in Winnipeg, Manitoba, Canada. It also owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. It is focused on producing and selling cannabis oils, extracts, and derivative products.


TSX:DN - Post by User

Delta 9 Cannabis Inc.
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Post by davgroon Mar 31, 2021 11:14pm
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Post# 32920499

Impairment Considerations in the Cannabis Industry

Impairment Considerations in the Cannabis IndustryCannabis companies use fair value to measure biological assets (i.e., cannabis plants) in accordance with IAS 41 Agriculture and IFRS 13 Fair Value Measurement.

You can download a document from the CPA (Chartered Professional Accountants Canada) that explains impairment considerations specific to the cannabis industry at:

https://www.cpacanada.ca/-/media/site/operational/rg-research-guidance-and-support/docs/02628-rg-viewpoint-impairment-considerations-cannabis-industry.pdf?la=en&hash=3F2418C452EA95307B17C9049523F4EA175F4921
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