Delta 9 Cannabis Inc DLTNF

Delta 9 Provides Guidance for Q1

[xtrah77]

• Based on preliminary results, the Company anticipates revenues of between $5.4 million and $5.8 million for the three-month period ending March 31, 2019, compared with $332,107 for the three-month period ending March 31, 2018. Revenues are expected to be up over 1,500% in Q1, 2019 versus Q1, 2018.

Full first quarter results will be published on May 30, 2019, after the close of the market, followed by a conference call, details for which can be found at the end of this release.

"The first quarter of 2019 was another record revenue quarter for Delta 9. We expect to see a significant increase in revenues year over year with a meaningful increase sequentially as the Company continues to execute on its strategic growth plan in the Canadian adult use cannabis market," said John Arbuthnot, CEO. "We are well positioned with high growth revenue streams from our wholesale, retail and business-to-business operations to significantly grow revenues throughout this year."

Revenue growth for the first quarter was driven by the Company's strong market position in the Manitoba retail market, and an expansion in wholesale revenues in Manitoba and Saskatchewan.

https://www.thenewswire.com/archives/1kZaFPY8a-delta-9-provides-guidance-for-q1-2019-results-anticipating-revenues-of-54m-to-58m.html