Delta 9 Cannabis Inc. T.DN

Delta 9 2nd Quarterly Report

[knights101]

By looking at last year..Q2-2020-gross profit at 7 million ..DN should see a really strong Q2 report maybe 10 million in gross profit..with a net income in the plus side. maybe 2 million..if they keep those expense down a good Q2 is what in store for August.

I really don't think DN9 is in trouble like some are saying...I notice small investors are picking up more shares at 0.48 cents...seems like once this goes up it..we wont see these prices anymore. But from now till into next year...if they can keep there net income on the profit side than the  share  price will go up fairly quickly..probably surpise some of us..I would like to see 1.00 at some point.

[unoriginal_username]

That's my feeling as well . This is a solid company with a huge up side if you include the partnerships with the small craft growers Delta Nine has a lot of distribution going forward. I'm more optimistic on the quarter. I'm guessing between 12 and 14 just my opinion GLTA 

[golfyeti]

  The CEO has been saying lately: "...expect to see significant growth in Q2 and back half of year..." So if we believe John, shouldn't our guesses be significantly higher than last quarter's disappointing revs of $13.1 M?    I'll guess $14.6 M Anything less would make me question John's definition of "significant growth".  

[DirtyCadillac69]

Hahaha I love pure speculation! I'm guessing 22M because 22 is my lucky number. And if we see 22M I'll be feeling pretty lucky!

[Oceanis]

i'm going to say 15.5 - 17.2million 

[knights101]

If they are able to generate 15.5 to 17 million, that would real show good movement on the company's finance in a positive way.B2B is the key..if they got good sales in the US, but I would think a major sale might be announced. This company really needs to be lifted in the share price. So far nothing but good news about the way they are working with the health dept. and respecting the rules

[Oceanis]

thats exactly it, the b2b pod sales into the US is key going forward.  But they need to work on brand loyalty outside of Manitoba imo.  There oversized containers ensure a dried out product for the end consumer, and they need alot more PR news with say 4Ocean,, to bring about a loyalty. Johnny boy is not doing enough for the environment imo.  Could be something as simple as selling

[knights101]

Just a small comment..because its the week end..people who sold there shares is fine..but they hope DN never will do well...this I don't understand..probably because if it does well..Regret...ar the very least will be the sentiment...I do believe it will do well..but nobody really knows..could wake up one morning and the stock is bankrupt or see a 200% rise to 2.00$..we don't know..I

[Oceanis]

how close can you be almost clarivoyant.  

[unoriginal_username]

At this rate of growth 5 bucks a share is attainable. Unlike a gold mine Delta Nine never runs out lols Craft Weed and a well managed company is the future . IMO GLTA

[golfyeti]

$5 easy.  That would value DN at $500M which is about half the market cap of Hexo.  It might take a couple of quarters of significant revenue growth to overtake HEXO's last quarterly revenues (last one at $22M and change) but what really matters is in this near-billion dollar company league is proving your business model in this new industry by making PROFITS. HEXO loses hundreds of

[Deltauser]

I think the trick now is to manage expectations of the stock price. I am a long-hold on D9. But it has a long history of responding badly to bad news, and not at all for good news.  I will hold this stock for many years, I love the product, and am satisfied that at the very least management has proven capable (my opinion) and that their interests are aligned with my own (getting filthy rich

[Oldtimern]

The downtrend is terribel and going on evry day Where is the end, 20cent?

[Northboy44]

Something going on we dont know about.... rediculus

[CAinPlap]

What has impressed me about this company is how it has managed its growth to match demand unlike the other LP's who all raced to expand their capacity with little thought as to who was going to purchase the product which I believe has hurt all players.

[Oceanis]

Best LP ever time to accumulate, that the market hasn't waken-up to this yet is an absolute Godsend

[Oceanis]

absolutely.  

[StonksOnlyGoUp]

I've seen this comparison to Hexo a few times now so I figured I'd chime in. I definitely don't think we'll be shooting to Hexo's valuation anytime soon.  It's not enough to compare revenues and profits and we should be valued the same.  Hexo has 180Mil in cash on hand and another net of 200Mil in assets which we don't have adding to their valuation. 

[golfyeti]

Good to hear you think DN is a better value than HEXO at current prices.  So we disagree only in terms of magnitude of better value.  I'm not impressed with the amount of cash they have on hand when it came from the last massive dilutive round and they have an ongoing negative cashflow to the tune of hundreds of millions of dollars per year.  That PP cash on hand won't last

[StonksOnlyGoUp]

Ha ha, for sure I agree with you there, they have a long way to fall and will likely be diluting further.  If I had ever bothered to follow them more closely I would probaby short them. I respect your opinion, and while I'm definitely not that bullish I would love it if you are correct on that.  DN at 500Mil market cap would be pretty life changing for me.

[Canadaforoil]

You must be drinking too much of your homemade beer and wine in your semi-rural location if you post that this company should be valued at $5 and then post you believe they should be respected for $10.  See you at $.35 by end of summer.  

[KentukyFriedCoal]

$.35 by end of summer is optomistic. They will open 2 more shops, lose an additional $0.04 per share & drop us to a quarter.

[Select55]

well according to the companys ceo there estimating  to do a lot more (better) than you claim  earnings wise ;

[StonksOnlyGoUp]

Uh, so your hypothesis is that the company reports a 4 cent loss per share (or about 10% of the current share price) and your prediction based on that is a resulting share price decrease of almost 45%!!!  Clearly math wasn't your strongest subject, lol.

[KentukyFriedCoal]

Those of you who mocked me were right. Stand up and rejoice. We never made it to a quarter. With 2 pot shops in every strip mall in Winnipeg D9 can still achieve the $0.25 sooner than later. 

[golfyeti]

$22 M in revenues for the quarter would be awesome!  It would match what Hexo just reported for their last quarter.  Hexo made $22 million in revenues but spent twice as much so they recorded a LOSS of $21 million in the process!  Hexo's market cap is $1 billion.  That is twenty times DN's.  In other words, if we had $22 Million in revenues we would certainly be

[knights101]

I would rather see revenue half as much..12 million BUT record a profit, even a small one..but this has to be consitance in every quarter to show stability and well manage finance..this brings confidence and trust ..then investors will come a Stay in with there investment..we all say when it goes up to 2$ will pull out..but if the company shows future revenue and earning that will bring the share

[DirtyCadillac69]

DN will post a great Q2. The share price will move up to the 60 cent range. maybe even close to 70 coppers $1 SP before end of year will take major industry news or a major M&A.  $10 SP is what I am waiting for.  I understand that may be 4-5 years away, but it is worth it. 

[DirtyCadillac69]

All Just my opinion! 

[KentukyFriedCoal]

Looks more like they will meet there target price of 0.25 this year. Up in smoke. John & Ian = Cheech & Chong?

[KentukyFriedCoal]

With new store opening soon on Pembina Highway should we expect another drop in share price?

[Blackberry5]

They didnt post the news release until markets closed 0500pm and someone sold for 0.395 at the bell to purposely lower the stock price when they could have sold for 0.405 easily.  That my friend is what is straight-up stock manipulation.

[KentukyFriedCoal]

Prominent location.

[KentukyFriedCoal]

Another year. New stores, new losses. Same old stories and same lame old management. Their new target appears to be Delta9teen cents. At what price point do they get delisted from TSX? If that happens we become a D9cent stock.

[gnote1]

$20+ Million quarter is quite possible.  B2B is the wild card and Im hopeful we hear something this month on B2B sales. Retail in March picked up across the country so Im expecting wholesale and retail to be up for D9. Statistics Canada released March retail sales for the country this morning, with cannabis sales bouncing sharply from February, which had three fewer days. Sales of C

[DirtyCadillac69]

22M with a profit is going to be a reality before HEXO sees a profit regardless of their revenue!  HEXO could have 1billion in revenue and still find a way to "lose" money! hahaha 

[Oceanis]

ya, no kidding, D9 is close to hexo's net revenue now, and that without hexos 540 million in debt and hexo's 50% more shares.  I'll stay in the small caps.  if Johnny sells-out im out of cannabis stocks alltogether.  

[theanonymous1]

Just a few things I notice when looking at financials.  The 7 million you note for Q2-2020 gross profit includes 2.5 million in biological asset adjustments.  I don't think this can be relied upon to add to gross margin going forward.  Would be nice if each quarter can just be breakeven on the biological asset adjusmtents.   I think the success of Q2-2021 depends on