Core Viewpoint - Delota Corp. reported strong financial performance for the fourteen months ended March 31, 2025, with significant revenue growth and strategic initiatives aimed at expanding its market presence and profitability [4][5]. Financial Highlights - Total revenue reached $46.5 million for the fourteen months ended March 31, 2025, representing an increase from $34.1 million for the twelve months ended January 31, 2024 [10]. - The company achieved a gross profit margin of 38% during the same period [6]. - Adjusted EBITDA was approximately $1.2 million, a significant improvement from a loss of $2.0 million in the previous year [10][14]. - Revenue segmentation included $36.4 million from B2C vape sales, $6.0 million from B2B vape sales, and $4.1 million from B2C cannabis sales [11]. Operational Developments - The customer base expanded to over 300,000 registered accounts across online and brick-and-mortar platforms [4][6]. - The company completed the early redemption of $900,000 in senior secured convertible debentures, enhancing its balance sheet [4][11]. - Delota entered into a licensing agreement with 180 Global to expand its retail presence in Eastern Canada [11]. Strategic Initiatives - The company is focused on optimizing its omni-channel strategy and pursuing strategic mergers and acquisitions to accelerate growth [4][15]. - Delota aims to strengthen its flagship brand, 180 Smoke Vape Store, and enhance its national e-commerce platform [15].

Core Viewpoint - Delota Corp. has changed its auditor to Horizon Assurance LLP effective July 15, 2025, following the resignation of its previous auditor, Stern & Lovrics LLP, at the company's request [1][2]. Company Overview - Delota Corp. is the largest omni-channel specialty vape retailer in Ontario, aiming to become a leading national retailer of nicotine vape and alternative tobacco products [3]. - The company's growth strategy includes expanding its flagship brand, 180 Smoke Vape Store, through organic growth in Ontario and select provinces, enhancing its national e-commerce platform, and pursuing strategic mergers and acquisitions [3]. - Delota is focused on expanding its nicotine product assortment, improving customer experience, and increasing its registered customer base, which currently exceeds 280,000 accounts [3].

Core Insights - Delota Corp has announced a retail partnership with 180 Global for the licensing of its 180 Smoke brand for online sales of vape products in Eastern Canada [1][2] - The partnership is expected to lead to a reduction in reported revenues and expenses as operational functions transition from Delota's subsidiary to 180 Global [2] - Delota aims to enhance profitability in the Regional Markets through this partnership, which may positively impact future financial results [2] Company Overview - Delota Corp is the largest omni-channel specialty vape retailer in Ontario, with ambitions to expand nationally [3] - The company's growth strategy includes expanding its retail footprint, strengthening its e-commerce platform, and pursuing strategic mergers and acquisitions [3] - Delota currently has over 280,000 registered customer accounts, indicating a strong customer base [3]

Corporate Update - Delota Corp. has completed the early redemption of Senior Secured Convertible Debentures amounting to $900,000 plus accrued interest [1][4] - The Debentures were originally issued on December 19, 2023, and were set to mature 18 months from issuance with a 1% monthly interest rate [2][3] Debenture Details - Each Debenture had a principal amount of $1,000 and was convertible into shares at a price of $0.10 per share [3] - The associated warrants allowed holders to acquire additional shares at a price of $0.15 per share, expiring on December 19, 2026 [3][4] Security and Obligations - The obligations under the Debentures were secured by a general security agreement from the Company and its subsidiaries, which will be discharged following the Prepayment [5] Management Changes - Christina Pan, the Chief Operating Officer, has left the Company as of April 16, 2025, and the position will not be replaced, indicating a restructuring for a more efficient management structure [6] Company Overview - Delota is the largest omni-channel specialty vape retailer in Ontario, aiming to expand nationally in the specialty retail market for nicotine vape and alternative tobacco products [7][8] - The Company's growth strategy includes expanding its flagship brand, enhancing its e-commerce platform, and pursuing strategic mergers and acquisitions [8]

Core Viewpoint - Delota Corp. reported its unaudited fourth-quarter results for the period ending January 31, 2025, highlighting a revenue of $40.2 million for the year, surpassing its target, and a strategic focus on growth through M&A and strengthening its balance sheet [2][3]. Financial Highlights - Total revenue for Q4 2025 was $10.3 million, reflecting a year-over-year growth of 1% [6][10]. - The gross profit margin for Q4 2025 was 37% [6][10]. - Adjusted EBITDA for Q4 2025 was positive at $287,329 [6][10]. - Total revenue for the twelve months ended January 31, 2025, was $40.2 million, representing an 18% year-over-year growth [6][10]. - The gross profit margin for the twelve months ended 2025 was 39% [6][10]. - Positive Adjusted EBITDA for the twelve months ended 2025 was $1,114,587 [6][10]. - Segmented revenue for the twelve months ended 2025 included B2C vape sales of $31.2 million, B2B vape sales of $5.5 million, and B2C cannabis sales of $3.5 million [6][10]. Operational Highlights - The company has expanded its retail presence to 32 locations across Ontario and plans to grow in major cities across Canada [6][10]. - The registered customer base has increased to over 280,000 accounts across online and brick-and-mortar platforms [6][10]. - The company opened a new 180 Smoke Vape Store in Etobicoke on February 3, 2025, as part of its expansion strategy [10]. Strategic Focus - The company aims to accelerate growth through a strategic focus on mergers and acquisitions, leveraging its omni-channel platform [3][14]. - There is a commitment to enhancing the nicotine product assortment and improving customer experience [14].