Delta 9 is seeing improvements in wholesale pricing and international expansion, alongside continued positive adjusted EBITDA. However, these are tempered by revenue declines, operating losses, and financial challenges such as working capital deficiency and covenant breaches.

Company Guidance -

Q1 2025

During the Delta 9 Q1 2024 earnings call, CEO John Arbuthnot outlined the company's guidance, highlighting several key metrics. The wholesale cannabis segment showed an increase in average selling price to $1.94 per gram, supported by contract agreements expected to generate $4.5 million over the next year. Despite a working capital deficiency of $39 million, Delta 9 maintained positive adjusted EBITDA for the fourth consecutive quarter, recording $5,200 for Q1 2024. The company produced 1.1 million grams of cannabis, while selling 1.2 million grams, indicating a reduction in inventory levels. Retail operations reported 372,000 transactions with an average transaction value of $39.04. These metrics underscore Delta 9's strategic initiatives to stabilize margins, enhance product offerings, and optimize retail and wholesale operations amid industry challenges.

Stabilizing Wholesale Prices

Wholesale prices are beginning to stabilize, showing signs of strength and recent investor sentiment improvement.

International Market Expansion

Delta 9 made its first international shipment to Australia and received additional export permits, with plans to expand to New Zealand and Portugal.

Positive Adjusted EBITDA

The company reported its fourth consecutive quarter of positive adjusted EBITDA, marking a significant milestone.

Improved THC Potency

Average THC potency increased from less than 15% in 2020 to over 25% in Q1 2024.

Pre-Roll Automation Success

Automating pre-roll manufacturing resulted in a $0.75 per gram increase in incremental contribution margin.

Delta 9 Cannabis (DLTNF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DLTNF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 15, 2025	2025 (Q1)	- / -	―	―	―	―
Mar 27, 2025	2024 (Q4)	- / -	―	―	―	―
Nov 13, 2024	2024 (Q3)	- / -	―	―	―	―
Aug 12, 2024	2024 (Q2)	- / -	―	―	―	―
May 16, 2024	2024 (Q1)	- / -	-0.014	―	―
Apr 01, 2024	2023 (Q4)	- / -0.01	-0.014	0.00% (0.00)	―
Nov 14, 2023	2023 (Q3)	- / -0.02	-0.042	50.00% (+0.02)	―
Aug 14, 2023	2023 (Q2)	- / -0.01	-0.028	50.00% (+0.01)	―
May 15, 2023	2023 (Q1)	- / -	-0.028	―	―
Mar 31, 2023	2022 (Q4)	- / -0.01	-0.028	50.00% (+0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

DLTNF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 27, 2025	$0.01	$0.01	0.00%
Nov 13, 2024	$0.01	$0.01	0.00%
Aug 12, 2024	$0.01	$0.01	0.00%
May 16, 2024	$0.02	$0.02	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Delta 9 Cannabis, Inc. (DLTNF) report earnings?

Delta 9 Cannabis, Inc. (DLTNF) is schdueled to report earning on May 15, 2025, After Close (Confirmed).

What is Delta 9 Cannabis, Inc. (DLTNF) earnings time?

Delta 9 Cannabis, Inc. (DLTNF) earnings time is at May 15, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is DLTNF EPS forecast?

Currently, no data Available

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