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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

Comment by Debentureson Dec 24, 2020 11:50am
114 Views
Post# 32177863

RE:RE:RE:RE:RE:Insider transactions by john

RE:RE:RE:RE:RE:Insider transactions by john

John's recent buys have been medial to say the least. Insider buys need to be approved prior. The NCIB  inflating share price is already compliant. This type of purchase is capped at amounts already stated. I don't understand your logic.. you're worried about John buying 30k shares and the NCIB running up price of a max allowed buy of 40k shares a day by the company

golfyeti wrote:

You missed my underlying concern.  If Delta 9 all of a sudden goes hogwild buying up DN under the NCIB at prices higher than this insider's buy price...then I have a little ethical problem with that.  Wouldn't that be some form of front-running?  At the expense of fellow shareholders?  If the CEO thinks the SP is a deal, doesn't his fiduciary duty to shareholders call him let the company buy back shares first?  I'm not a lawyer but I'm pretty sure there are rules surrounding this potential coarse of events, and if not the optics would look horrible.  Just saying...  



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