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Delota Corp (CSE: NIC) has reported strong financial results for Q1 2026 (three months ended June 30, 2025). The company achieved total revenue of $10.0 million, with a 36% gross profit margin and positive Adjusted EBITDA of $351,800, marking its ninth consecutive quarter of positive EBITDA.
The company's revenue breakdown shows B2C vape sales of $7.7 million, B2B vape sales of $1.4 million, and B2C cannabis sales of $1.0 million. Delota successfully completed the early redemption of $900,000 in senior secured convertible debentures and maintains a customer base of over 300,000 registered accounts.
Notable developments include a new retail partnership with 180 Global for Eastern Canada operations, the expansion of retail footprint to 32 locations, and a change in fiscal year-end from January 31st to March 31st.
Delota Corp. (CSE: NIC) has reported its annual audited results for the fourteen months ended March 31, 2025, showing strong financial performance. The company achieved total revenue of $46.5 million with a 38% gross profit margin and positive Adjusted EBITDA of $1.2 million.
The company's revenue breakdown includes Vape B2C ($36.4M), B2B ($6.0M), and Cannabis B2C ($4.1M). Notable achievements include expanding their customer base to over 300,000 registered accounts, early redemption of $900,000 in convertible debentures, and securing a licensing agreement for Eastern Canada expansion. The company also grew its retail footprint to 32 locations.
Delota Corp. (CSE: NIC), a Canadian omni-channel retailer of nicotine vape and alternative tobacco products, has announced a change in its auditor. The company has appointed Horizon Assurance LLP as its new auditor effective July 15, 2025, replacing Stern & Lovrics LLP who resigned at the company's request.
The new auditor appointment has been approved by Delota's audit committee and board of directors, and will remain in effect until the next annual shareholder meeting. Importantly, there were no reservations, modified opinions, or reportable events in the previous auditor's reports.
Delota Corp. (CSE: NIC) has announced a strategic retail partnership through its subsidiary 180 Smoke with 180 Global, a Quebec-based private business. The partnership involves licensing Delota's 180 Smoke brand for online vape product sales across five Eastern Canadian provinces.
Under the agreement, 180 Global will operate the brand in Quebec, New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island. The company will pay service and royalty fees to 180 Smoke. While this restructuring may lead to reduced reported revenues and expenses, management expects the partnership to potentially improve profitability in these regional markets.
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