Delta 9 Cannabis, Inc. (TSE:DN) has released an update.
Delta 9 Cannabis Inc. reported a slight decrease in net revenue to $16.5 million in Q1 2024, compared to the previous year, but saw a 10% increase in gross profit and improved gross profit margin from 25% to 28%. Despite these gains, the company experienced a larger operational loss of $3 million. The CEO emphasized continued efforts on cost reduction and operational efficiency to bolster profitable growth and shareholder value throughout the year.
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