Delta 9 Cannabis Inc DLTNF

RE:RE:RE:RE:RE:KABOOM! Ontario

[ZFowler]

Yes, that is true that there will be a lot of other product available. However, the fact that Delta 9 will officially have their product in retail locations in the largest market (population) in Canada is not nothing.

Between their 2 new Alberta stores (albeit AB is pretty saturated), the new MB store opening any day now, the investor presentation today, the venture into Eastern Canada and the Ontario agreement, I believe the stock deserves a little more love than $0.54 (50 million market cap).

With the current share count of about 90 million, every time we move by a penny it's a difference of $900K in company value. I don't understand why we went down a penny on positive news that has followed other positive news. At some point, something has to give and this thing will move up. Delta 9 is undervalued by cannabis industry ratios and ratios in many other industries as well (trading at 1(ish)x expected 2020 sales, trading at 1.5x equity, trading at 0.75x assets).