Delta 9 Cannabis Cuts Net Loss In 2021, Net Revenue Totals $15.2M In Q3

Delta 9 Cannabis Inc. (TSX: DN) (OTCQX: DLTNF) reported its financial and operating results on Monday for the three-month and nine-month period ending September 30, 2021.

John Arbuthnot, the company's CEO, said the company has been recognized by "the Globe and Mail's annual as the 7th fastest growing company in Canada with a three-year revenue growth rate of 5,413%.

"In the third quarter of 2021, we have seen a degree of seasonality and timing issues relating to provincial government's purchasing patterns affecting our wholesale business and impacting sequential revenue growth," Arbuthnot continued. "We remain bullish that the remainder of looks to outperform last year's results."

Q3 Financial Highlights

  • Net revenue totaled $15.2 million, representing an increase of 16%, from $13.1 million for the same quarter of last year.
  • Gross …

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