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Learning to Invest in the Cannabis Space and Delta 9
Delta 9 is a vertically integrated cannabis company with three revenue streams: cultivation/wholesale, retail stores, and B2B business selling turnkey grow pods growing platforms. The company's three-prong growth strategy for revenue going forward will focus on expanding its retail store network from 12 to 20 stores this year and continue to market its low-price leadership strategy at new and existing stores.
Delta 9 will continue to build momentum in the cannabis wholesale segment with costs per gram at $0.67 and focus on expanding product distribution in its seven provincial markets. It will also continue to sell its turnkey growing platforms in the Canadian micro cultivation industry and expansion into emerging US market.
Management is confident that its specific focus on revenue growth, gross profitability, and prudent cost controls will provide earnings growth over the coming quarters.