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Bullboard - Stock Discussion Forum 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... see more

TSX:DN - Post Discussion

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Post by Duedilligence10 on Nov 06, 2020 6:55pm

Volume

Today was the highest volume since May.  Massive uptick in LP's today in advance of a Biden victory.
Comment by Deltauser on Nov 06, 2020 8:28pm
The volume is great, but I don't understand the mechanics of how it can be so high, yet no effect the SP at all... For real, I don't get it, can someone explain?
Comment by Duedilligence10 on Nov 07, 2020 3:59am
Supply and demand.  The demand always tries to get the lowest price, the supply the highest price.  On Friday buyers were overwhelmingly willing to buy at the 59-61 cent range while suppliers felt the same way.  Had suppliers tested the willingness of the demand by increasing their sell price, then we would have since a higher price.  It is very possible that many of the orders ...more  
Comment by spidey11 on Nov 07, 2020 9:16am
makes good sense. The demand is the important thing. If that continues eventually the supply at lower prices should dwindle and the SP will / should go up. The more people in it for the longer haul the better. ps had DN for the past year or so. Although frustrating at times things are looking more prositive..... perhaps I should not said that out loud.
Comment by Duedilligence10 on Nov 07, 2020 10:36am
I hope your Spidey senses are right.  DN's share buyback will help the SP.  It has not been in place for very long but it sends the right signal to investors while increasing demand and reducing dlution.  DN does not have a high share count, combined with the fact that both John and Bill hold a najor portion of this, which means that there is a limited supply.  If all goes ...more  
Comment by StuffMonger on Nov 07, 2020 3:25pm
Sure it's simple, you pay a market maker to do your buyback, market maker uses spoof walls to keep share price at a nice low price for the buyback. It's totally illegal and they would never admit to it but that's what's going on
Comment by knights101 on Nov 07, 2020 4:37pm
I saw last week the price of a share went up 3 cents on volume at about 40,000 and friday 1 cent on volume at 500,000..I saw weed really went up also acb nut remember that stock split 12 ways so investors will still have to wait a while... I still think DN9 is a really great company and will get to 1 - 2 dollars by years end into 2021. Who knows what deals John will be making, ...the price of a ...more  
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