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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 golfyetion Dec 07, 2022 9:33am
157 Views
Post# 35155874

RE:DELTA 9 AtM

RE:DELTA 9 AtM

$5,000,000 at a pathetic give away price of $0.10/sh means issuing 50,000,000 DN shares!  Shares outstanding currently at 150,000,000 so we're talking about giving away 25% of the company, i.e.  50M / 200M .  They had better do something about the share price before using this ATM...

And it had better be for undeniably PROFITABLE operations because they have a lot to learn on how its done.

They are spending our money like drunken sailors on shore leave.  Not pleased with this news.  So much for "organic", eh John?

JMHO

 

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