| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
DELTA 9 CANNABIS INC. (OTCQX:DLTNF) (TSX:DN) completed the cash repayment of its unsecured 8.5% convertible debentures issued on July 17, 2019, which had a maturity date of July 17, 2022. The $11.8 million cash repayment represents a full payout of the convertible debentures. The convertible debentures were previously traded on the Toronto Stock Exchange under the trading symbol “DN.DB”.
The company met the pre-disbursement conditions required to draw-down $11.8 million under its credit facility with ConnectFirst Credit Union and concurrently made the cash repayment of the convertible debentures. The company's $11.8 million draw-down from its credit facility is subject to a 60-month repayment term at a fixed rate of 4.55% per annum, amortized over 144 months.
DELTA 9 provided guidance on its revenue forecast for the three-month and six-month period ending June 30, 2022, based on preliminary results:
The company anticipates revenue for the three-month period ending June 30, 2022, to be between $17.4 million and $18.0 million compared with;
$12.5 million for the first quarter of 2022.
$16.7 million for the second quarter of 2021.
The company anticipates revenue for the six-month period ending June 30, 2022, to be between $29.9 million and $30.5 million.
“Sequentially and year over year, Delta 9 anticipates another record quarter with all three business units contributing to the success of the quarter,” stated John Arbuthnot, co-founder, and CEO of Delta 9. “We remain optimistic that the second half of 2022 will continue to outperform the first half of the year for Delta 9.”
Delta 9 will release results for the second quarter of 2022 on August 15, 2022, after markets close. This will be followed by a conference call the following day on August 16, 2022, at 1:00 p.m. Eastern Time.
Photo by Giorgio Trovato on Unsplash
Related News
Delta 9 Enters Into Agreement For Overnight Marketed Public Offering Of Units For $2M
Delta 9 Cannabis Q1 Revenue Slightly Declines YoY, Reports Adjusted EBITDA Loss
