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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. > Axe the tax!
View:
Post by unoriginal_username on May 18, 2023 12:40pm

Axe the tax!

Well this is a good first step. I figure 6 percent will add some much needed funds to the pot. Now would be a good time to use the tax refund to buy back some of these cheap shares . GLTA
Comment by golfyeti on May 18, 2023 5:56pm
6% is nearly $4 million per year in additional bottom line money.  This should easily swing the business from losing money to actually making money for shareholders.  Let's hope these cowboys don't blow the windfall cashflow gain on reckless expansion plans.  I am begging them, please please don't take the only proof of profitability and literally blow it. Now if the ...more  
Comment by golfyeti on May 18, 2023 6:09pm
  That is actually a very financially responsible thing for the companhy do.   This announcement makes the share price even more stupidly undervalued and the company should buy in the open market with this cash windfall and get their share price back to where it should be, especially before even thinking of using it as currency for expansion.