GREY:DLTNF - Post by User
Comment by
Jordan1203on Jun 02, 2021 7:27pm
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Post# 33316047
RE:Minor News
RE:Minor NewsStonksOnlyGoUp wrote: | Delta 9 Cannabis Invites You to Join Us at the Benzinga Virtual Cannabis Capital Conference | | |
Delta 9 is pleased to announce that John Arbuthnot, CEO and Founder, will present at the Benzinga Virtual Cannabis Capital Conference on Friday, June 4, 2021.
To access the two live presentation, please use the following information:
DATE: Friday, June 4th - Fireside chat at 11:35 EST to 11:55 EST
- Delta 9 presentation at 12:50 EST to 1:10 EST
Webcast URL Link: https://events.benzinga.com/ccc-free-registration
This will be a live online event where investors are invited to ask the company questions at the end of the presentation. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Learn more about the event at https://www.benzinga.com/events/cannabis/virtual/#event-agenda-wrap
Recent Company Highlights - Delta 9 successfully expanded our Retail Store network to 12 stores, up from 4 stores the previous year. Our plans are to have 20 stores by 2021. Delta 9 now has Wholesale agreements with seven Provinces across Canada and is in negotiations with Quebec and the Maritimes to complete our wholesale coverage of the country.
- Delta 9 has now successfully licensed over 200 Grow Pods in third party facilities with Micro Producers across Canada and the US.
- Delta 9 closed an over subscribed $5.7 million bought equity financing that was upsized by 42%. For the year end 2020 net revenue was $52 million, an increase of 64%, from $31.8 million the previous year. Gross profit for the same period was $17.8 million, an increase of 105%, from $8.7 million for the same period last year.
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By what I can gather based on the financial statements and text written within it as well as news releases like this that mention quebec & maritimes... Delta 9 is currently building the pods to supply the rest of the country.. there was mention of expansion to new warehouse as well as lots of $$ going towards construction in progress, pods, cooling, production equipment, etc.. they must be close to announcing those deals I'd imagine.. be a bit of a wait for health canada approvals though.