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Delta 9 Cannabis: Finding a Value Investment in the Cannabis Space
Released on Tuesday, May 12, 2020•CANNABIS
Delta 9 is a vertically integrated cannabis company with three revenue streams: cultivation/wholesale, retail stores and B2B business selling grow pods, genetics, and consulting services. Q1 2020 guidance: The company anticipates revenues for the three-month period ending March 31, 2020 to be between $11.3 million and $11.9 million compared with $5.6 million for the first quarter of 2019 and $10.6 million sequentially for the fourth quarter of 2019. Delta 9 Cannabis anticipates direct cannabis production cost per gram of $0.98 and total grams of cannabis produced of 1,198,983 for the first quarter 2020.
John Arbuthnot
Delta 9 Cannabis,
CEO
John Arbuthnot, CEO and founder of Delta 9 Cannabis, has grown the company from $700,000 in sales in 2017 to over $60 million as of 2021, up 5,448%. The growth strategy for Delta 9 Cannabis is to double its retail store network to 35 stores and expand their turnkey
plug and play growing platforms in the US as the remaining 14 states legalize Cannabis.Trending Now
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