Delta 9 Cannabis Inc 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.

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Delta 9 Cannabis Inc > Guidance

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Comment by StonksOnlyGoUpon Jan 19, 2023 12:09am

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RE:RE:RE:Guidance

It's nice to see it trending positive from last quarter for sure, but it's barely more then Q4 2021. Yearly revenue is also barely more. They have a lot more stores then last year which suggessts that prices are still dropping and margins are geting smaller, or people are buying less given the economic situation. So barely more money coming in, but more leases and expenses. Hopefully the tax breaks and renewed focus on profitability will still get them there and the looming recession won't hurt sales.

So, yeah, it's not bad per say, but not exciting either. We'll see what Monday brings.

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