GREY:DLTNF - Post by User
Comment by
BustyRustyon Jun 18, 2018 12:17pm
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Post# 28186336
RE:Delta9- Five cannabis stocks hit the latest short-sellers
RE:Delta9- Five cannabis stocks hit the latest short-sellersHow did he now buy shares back at $0.65?
meowmeowmeow wrote: https://www.theglobeandmail.com/investing/markets/inside-the-market/article-short-sellers-renew-bearish-bets-on-marijuana-companies/
"Delta 9 Cannabis was one of the first companies to be licensed for commercial medical cannabis production in Canada. But the company hasn’t aggressively scaled up to grab market share, so it remains a niche player in Manitoba and has a declining share price."
What happens when you have bad management.
Last round of financing needs +80% to break even on their 6 month old investment.
While 20/23m still sits in their back account doing nothing..
On top of that the CEO's dad is dumping his shares at the peak SP we've had in months killing any momuntum of a recovery.
IR's justification was "Bill is just cashing in some shares to make up for the fact he’s been working for very low pay, and like anyone else, sometimes you have a major purchase in your life. "