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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

Delta 9 Cannabis Inc. > Bought offering
View:
Post by Canadaforoil on Dec 05, 2020 5:51pm

Bought offering

So was the bought offering to finance an acquisition in the market?   SCU has a current cap of $18.5 million, so they would still be short, but could make up the difference in shares.  If they can pull this off and create Second Cup/D9 cannabis rooms, that would be interesting.  But will there be money in the businesses and how long will the affects of COVID be around, keeping people isolated?  Listing in the U.S. is impossible right now with their financials and why worry about going into a big pond where notobdy knows who you are.  The company needs to focus on "creating shareholder value" and trying to get listed in the U.S. won't help at all.  D9 is barely noticed in Canada as an investment opportunity.   The one thing the Arburhnots did was use the markets to build a small/medium business which will provide them with a good salary/return for life.  Like they say, never use your own money to build a business.  We all helped build a small business for the Arbuthnots, like parents giving their kids money to open a pizza joint to get them out of the house.
Comment by StuffMonger on Dec 05, 2020 5:56pm
How can you say a US listing wouldn't matter? That's absolutely ridiculous that's the largest accessible market never mind the massive wave of institutional investors in the USA off of robinhood. Not caring about being listed on a major exchange is by far the dumbest thing I've heard on this thread. What do you think $acb $apha or $sndl market cap would be if they had only listed ...more  
Comment by Debentures on Dec 05, 2020 6:26pm
The wording on this one is a bit condescending, no offense! The whole point of going to market is to build wealth for a business without putting money at risk else it would be a private company. It's the entire point of capital markets. Judging by your post history you're a more than competent investor.  I would suggest reaching out to Ian and you can report back if you'd like. ...more  
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