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WINNIPEG, Manitoba, June 22, 2021 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Firm”) is happy to supply steering on its income forecast for the three-month and six-month interval ending June 30, 2021 primarily based on preliminary outcomes:
- The Firm anticipates income for the three-month interval ending June 30, 2021 to be between $15.5 million and $17.25 million in contrast with;
- $13.23 million for the primary quarter of 2021.
- $13.01 million for the second quarter of 2020.
- Delta 9 anticipates revenues for the six-month interval ending June 30, 2021 to be between $28.75 million and $30.5 million, in comparison with:
- $24.76 million for a similar interval final yr
“We anticipate our Q2, 2021 efficiency will exhibit a document income quarter for Delta 9 with the Firm’s three enterprise segments contributing to the success of the quarter,” stated John Arbuthnot, CEO of Delta 9. “We anticipate continued development in all three of our enterprise segments models by means of the again half of 2021.”
The Firm will present traders with a full breakdown of income and monetary outcomes as a part of it’s Monetary Statements and Administration Dialogue and Evaluation for the three-month and six-month interval ending June 30, 2021. A information launch on the financials will probably be issued on August 16, 2021, earlier than the inventory market opens. This will probably be adopted by a convention name the identical morning, the main points of which might be discovered on the finish of this launch.
The preliminary estimated revenues for the three-month and six-month interval ended June 30, 2021 set forth above are topic to the completion of the Firm’s monetary closing procedures. These preliminary estimated monetary outcomes have been ready by and are the duty of the Firm’s administration.
The Firm presently expects that its closing outcomes for income will probably be according to the estimates set forth above, however such estimates are preliminary and the Firm’s precise outcomes of operations and different knowledge might differ materially from these estimates as a result of completion of its monetary closing procedures, closing changes and different developments which will come up between now and the time such consolidated monetary statements for the interval ended June 30, 2021 are issued.
2021 Second Quarter Outcomes Convention Name
Delta 9 will launch the outcomes for the second quarter of 2021 on August 16, 2021 earlier than the market opens. A convention name to debate the above outcomes is scheduled for the morning of August 16, 2021, pre-market. The convention name will probably be hosted that day at 9:00 a.m. Japanese Time by John Arbuthnot, Chief Government Officer, and Jim Lawson, Chief Monetary Officer, adopted by a question-and-answer interval.
|August 16, 2021
|9:00 am Japanese Time
|Dial in #
Obtainable till 12:00 midnight Japanese Time, November 17, 2021
For extra data contact:
Investor & Media Contact:
Ian Chadsey VP Company Affairs
About Delta 9 Hashish Inc.
Delta 9 Hashish Inc. is a vertically built-in hashish firm targeted on bringing the best high quality hashish merchandise to market. The Firm sells hashish merchandise by means of its wholesale and retail gross sales channels and sells its hashish develop pods to different companies. Delta 9’s wholly-owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and leisure hashish and operates an 80,000 sq. foot manufacturing facility in Winnipeg, Manitoba, Canada. Delta 9 owns and operates a sequence of retail shops below the Delta 9 Hashish Retailer model. Delta 9’s shares commerce on the Toronto Inventory Change below the image “DN” and on the OTCQX below the image “DLTNF”. For extra data, please go to www.delta9.ca.
Disclaimer for Ahead-Trying Data
Sure statements on this launch are forward-looking statements, which replicate the expectations of administration concerning the Firm’s future enterprise plans and different issues. Ahead-looking statements encompass statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the long run. Ahead wanting statements on this information launch embrace statements referring to Delta 9’s monetary outcomes for the quarter ended June 30, 2021. Such statements are topic to dangers and uncertainties which will trigger precise outcomes, efficiency or developments to vary materially from these contained within the statements, together with the Firm’s precise monetary outcomes being completely different from its estimates in addition to all danger elements set forth within the annual data type of Delta 9 dated March 31, 2021 which has been filed on SEDAR. No assurance might be on condition that any of the occasions anticipated by the forward-looking statements will happen or, in the event that they do happen, what advantages the Firm will get hold of from them. Readers are urged to contemplate these elements fastidiously in evaluating the forward-looking statements contained on this information launch and are cautioned to not place undue reliance on such forward-looking statements, that are certified of their entirety by these cautionary statements. These forward-looking statements are made as of the date hereof and the Firm disclaims any intent or obligation to replace publicly any forward-looking statements, whether or not on account of new data, future occasions or outcomes or in any other case, besides as required by relevant securities legal guidelines.