Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Delta 9 Cannabis Inc. T.DN

Alternate Symbol(s):  DLTNF

Delta 9 Cannabis Inc. is a Canada-based vertically integrated cannabis company. The Company operates through three segments: Wholesale Cannabis, Retail Cannabis and Merchandise and Devices, and Business to Business. The Company sells cannabis products through its wholesale and retail sales channels and sells its cannabis growing pods to other businesses. Its cannabis products include dried cannabis and pre-rolled joints. Its edibles and vapes include vape pens and concentrates, edibles, and drinkables. The Company, through its wholly owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis products and operates a 95,000-square-foot Health Canada licensed production facility in Winnipeg, Manitoba, Canada. It also owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. It is focused on producing and selling cannabis oils, extracts, and derivative products.


TSX:DN - Post by User

Post by Duedilligence10on Dec 01, 2020 6:28pm
404 Views
Post# 32014892

Interesting Developments

Interesting DevelopmentsInteresting developments in the last three weeks since the last financials.  The D-Pods and the PP are most likely linked.  D9 has 7 million in cash and net income adjusted EBITDA is $2 for the last 9 nine months, so obviously the private placement has nothing to do with covering opex.  Leede Jones Gable would not have done this unless there was a compelling reason.  LJG would not be interested in simply bolstering  D9's cash on hand, they want to see the money spent in a way that boosts the SP quickly and significatnyly, this is why they are so successful.  I would not be surprised to see a D-Pod sale coming soon, this would explain why DN needs the cash. I can see the first customer being the Manitoba government, the province's Covid siutation is bad, and  we all know governments like to throw money at problems.  Not to mention that this would be a way for the Manitoba government to help homegrown businesses to rebuild the economy.  
<< Previous
Bullboard Posts
Next >>