RE:RE:RE:Seriously
enjunior wrote: This will stay a penny stock until it earns more than pennies. Numbers don't lie. There is NO comparison between any of those companies and DN. EPS is 2 cents. Those are pennies at 38X P/E. Apple is at 33X p/e but they made 73 cents on 64billion in revenue. Yes, thats a B. Just to compare, we made 2 cents on 12million. and yes, that is an M. This company will never get to a B unless the world starts using weed for fuel. but hey! Great news, we made 42Million for the year.
Look, net income q2 was 1.7million on13m revenue up from -1.1m and 8.9m last year.
The company is executing nicely and is actually making money. How much more money can we make without higher capex? What is the potential if we max out and run on all cylinders? Can we double rev to 24m and end up bringing in maybe 3.4m for the q? Promotion of the co. may bring the share price up temporarily but until there is a major catalyst it seems that moves will be slow and steadily at a penny or 2 per session.
I am long this co but numbers are numbers and it is just that....a penny stock for now.
Nice clockwork on these trolls. I call out the previous poster for a lack of capital markets knowledge and now this guy with 3 posts on his account from 2019 decides to chime in. Wow, isn't this an ironic post that a someone no active on this board at all suddenly decides to reply with such clarity.
If you actually read my post I literally said comparing Delta 9 to LuLu-Apple is pointless. I'm not going to waste anymore time on this topic as anyone with half a brain can see the difference. You are going by the press release of 42 mill on the year - we're on pace to do 50+ million this year (1x earnings)
Small caps are measured by a variety of non-profitability metrics. They are measured by levels of debt taken and ability to grow top-line / bottom-line. If you actually used comparables in the industry and didn't compare to Apple-Lulu (which you said was foolish comp.) you would realize D9 is one of the top performing firms in the Canadian mid-cap space.
In the Canadian mid-cap space based on market cap P/S how many LP's have 8,000KG minimum grow and 9 stores currently? 0. How many LP's are profitable? You can count them on one hand. What is the cost of dispensaries vs. net income? Ouu looks to be enough to expand by 2 dispensaries a month without needing more money. We picked up LLoydminister for 125K cash and they rest in stock.
We're primed for a break out.