Delta 9 Guides To Fourth Quarter Revenues of $10.0 Million | the deep dive

  • For the fourth quarter of 2019, the company expects to report net revenues of between $10 and $10.5 million, which is a substantial increase over the firms disappointing third quarter figures which came in at $6.7 million.
  • At the time, the firms third quarter results disappointed investors whom had expected much higher figures given second quarter results of $8.9 million.
  • This is a significant increase on a year over year basis, with Delta 9 recognizing revenues of only $7.57 in FY2018.
  • The company harvested approximately 1,305 kilograms of cannabis during the quarter, compared to 871 kilograms in the prior quarter.

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