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Delta 9 Cannabis Inc. (OTCMKTS: DLTNF) Expects Revenue Growth Of 17% To 23% In Q4 2021



Delta 9 Cannabis Inc. (OTCMKTS: DLTNF) has offered guidance on select Q4 and year-end financial results for the period ending 31, 2021, based on interim results.

Delta 9’s net revenues for Q4 2021 to range from $16.6 million to $17.4 million 

Net revenues for the quarter that ended December 31, 2021, are expected to be $16.6 million to $17.4 million, according to the Company. This compares to $14.15 million from a year-ago period, representing a 17 – 23 percent increase. From Q3 2021 to the Q3 of 2022, revenue increased by between 9% and 14%.

The Company expects net revenues ranging from $61.8 million to $62.6 million for the fiscal year that ended December 31, 2021, relative to $52.1 million a year ago. For the period the same period as the previous year.

CEO Delta 9 John Arbuthnot said, “We are anticipating reporting strong year-over-year and sequential revenue results for the fourth quarter of 2021. Delta 9 is working to differentiate itself from its peers by posting strong financial and operating results and continuing to grow its revenue streams from its three core business units.”

Delta 9 to release audited Q4 results on March 31, 2022

Delta 9 will offer a detailed breakdown of its accomplishments in these areas in its year-end and fourth-quarter results, which will be posted before markets open on March 31, 2022, preceded by a conference call. 

The preliminary predicted financial results and other statistics for the quarter ending December 31, 2021, are unaudited and subject to the finalization of financial closing procedures. The Company’s independent accounting firm, Baker Tilly HMA LLP, is conducting end-year audit procedures.

Delta 9 expects its final operations results and other data to be consistent with the forecasts set out above. However, these estimates are provisional, and the actual operations results and other figures may differ materially from such forecasts as a result of the finalization of its financial closing procedures, final modifications, and other developments that could occur from now to the period when consolidated financial statements for the period ending December 31, 2021, become available.

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