Delota Reports Financial Results For The Three Months Ended June 30, 2025

• Total revenue of $10.0 million for Q1 2026
  • 36% gross profit margin for Q1 2026

  • Positive Adjusted EBITDA of $0.3 million for Q1 2026

• Segmented revenue for Q1 2026:
  • Vape - B2C: $7.7 million, B2B: $1.4 million

  • Cannabis - B2C: $1.0 million

• Completed the early redemption of senior secured convertible debentures in the amount of $900,000 plus accrued interest

• Customer base of over 300,000 registered accounts across online and brick-and-mortar platforms

Vaughan, Ontario--(Newsfile Corp. - August 29, 2025) - Delota Corp. (CSE: NIC) (FSE: S62) (" Delota " or the " Company "), a leading Canadian omni-channel retailer of nicotine vape and alternative tobacco products, is pleased to report it has filed its interim consolidated financial statements, management discussion and analysis, and associated certifications (collectively, the " Q1 2026 Filings ") for the three months ended June 30, 2025. The Q1 2026 Filings may be accessed under the Company's SEDAR+ profile at .

Cameron Wickham, CEO of Delota, commented, "We are pleased to report another outstanding quarter for Delota generating $10 million in revenue and Adjusted EBITDA of $351,000, marking our ninth consecutive quarter of positive Adjusted EBITDA and our second-highest contribution during this period. These positive results are driven by our focus on improving operational efficiencies throughout our omni-channel platform and strengthening our balance sheet with the early redemption of $900,000 of senior secured convertible debentures. With a clear focus on retail innovation and strategic growth, Delota is well-positioned to capitalize on new opportunities to accelerate growth and profitability in the quarters ahead to drive shareholder value."

Financial Highlights:

• Total revenue of $10,043,670 for the three months ended June 30, 2025 (" Q1 2026 ") as compared to $9,883,883 for the three months ended April 30, 2024 (" Q1 2025 ")
  • 36% gross profit margin for Q1 2026 as compared to 40% for Q1 2025

  • Positive Adjusted EBITDA of $351,800 for Q1 2026 as compared to $105,366 for Q1 2025

• Segmented revenue for Q1 2026:
  • Vape - B2C: $7.7 million, B2B: $1.4 million

  • Cannabis - B2C: $1.0 million

Other Highlights:

• On July 15, 2025, the Company changed its auditor to Horizon Assurance LLP.

• On July 7, 2025, the Company announced it had entered into agreements with 180 Global relating to the licensing of the 180 Smoke Vape Store brand for retail online sales in Eastern Canada. 180 Global assumed operational functions in Eastern Canada as a result of the retail partnership in exchange for certain service fees and a royalty fee payable to the Company.

• On April 22, 2025, the Company completed the early redemption of senior secured convertible debentures in the amount of $900,000 plus accrued interest and the security interests and obligations of the Company and its guarantors have been discharged and all pledged securities have been returned to the Company.

• On February 3, 2025, the Company opened a 180 Smoke Vape Store located at 1530 Albion Road, Unit 51A, Albion Mall, Etobicoke, expanding its retail footprint to 32 locations.

• On January 22, 2025, the Company announced a change to its fiscal year end from January 31^st to March 31^st.

• On August 26, 2024, the Company opened a 180 Smoke Vape Store located at 499 Main Street South, Unit 60D, Shoppers World, Brampton.

• On July 25, 2024, the Company opened a 180 Smoke Vape Store located at 70 Joseph Street, Parry Sound.

Select Financial Information

The following selected financial information for the three months ended June 30, 2025 and the three months ended April 30, 2024 are derived from the Company's interim consolidated financial statements for the three months ended June 30, 2025 and the interim consolidated financial statements for the three months ended April 30, 2024.

Adjusted EBITDA

The Company's "Adjusted EBITDA" is a non-IFRS metric used by management that does not have any standardized meaning prescribed by IFRS and may not be fully comparable to similar measures presented by other companies. Management defines Adjusted EBITDA as the net income (loss) reported, before income taxes and other expense (income) items such as finance costs, finance income, gains and losses related to derivative liability valuations, and adjusted for share-based compensation, depreciation and amortization expenses, gains and losses related to the revaluations of its right-of-use assets and lease liabilities and foreign exchange differences.

The reconciliation of net income (loss) to Adjusted EBITDA is presented below.

About Delota Corp.

Delota is the largest omni-channel specialty vape retailer in Ontario with a mission of becoming one of the largest national specialty retailers of nicotine vape and alternative tobacco products. The Company's growth strategy includes aggressively growing its flagship brand, 180 Smoke Vape Store, by expanding its retail footprint organically in Ontario and select provinces across Canada, strengthening its national e-commerce platform, and through strategic M&A to accelerate growth and market consolidation. The Company is committed to expanding its nicotine product assortment, enhancing customer experience, and growing its registered customer base, which now exceeds 300,000 accounts.

Investors interested in learning more about Delota can visit .

For further information, please contact:

Delota Corp.

Cameron Wickham
Executive Vice Chair and CEO
T: (905) 330-1602
E: ...

Cautionary Statements

This press release contains "forward-looking statements or information". Forward-looking statements can be identified by words such as: anticipate, intend, plan, goal, seek, believe, project, estimate, expect, strategy, future, likely, may, should, will and similar references to future periods. Examples of forward-looking statements in this press release include statements made regarding information about future plans, expectations and objectives of the Company overall.

Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. The Company may not actually achieve its plans, projections, or expectations. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the adequacy of our cash flow and earnings, the availability of future financing and/or credit, developments and changes in laws and regulations, consumer sentiment towards the Company's products, failure of counterparties to perform their contractual obligations, government regulations, competition, loss of key employees and consultants, and general economic, market or business conditions, the impact of technology and social changes on the products and industry, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at . Given these risks, uncertainties and assumptions, you should not place undue reliance on these forward-looking statements.

Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. Except as required by applicable securities laws, we undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE: Delota Corp.

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