DELTA 9 CANNABIS INC. (TSX:DN) (OTCQB: DLTNF) released its financial results for the three-month period ending March 31, 2023, revealing net revenue of CA$16.9 million ($12.6 million) versus CA$12.5 million for the three-month period ending March 31, 2022, an increase of 35%.
Q1 2023 Financial Highlights
-
Gross profit of CA$6.3 million, an increase of 65.4% compared to CA$3.8 million in Q1 2022.
-
Net loss was CA$3.1 million versus a loss of CA$4.1 million in Q1 2022.
-
Adjusted EBITDA was negative CA$475,595 versus negative …