Delta 9 Cannabis Inc DLTNF

Healthcare Cannabis

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 cannabis and pre-rolled joints. Its edibles and vapes include vape pens and concentrates, edibles, and drinkables. The Company, through its wholly owned subsidiary, Delta 9 Bio-Tech Inc., is a licensed producer of medical and recreational cannabis products and operates a 95,000-square-foot Health Canada licensed production facility in Winnipeg, Manitoba, Canada. It also owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand. It is focused on producing and selling cannabis oils, extracts, and derivative products.

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Delta 9 Cannabis Inc

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Comment by StonksOnlyGoUpon Jun 25, 2020 8:37pm

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Post# 31193099

RE:RE:RE:RE:so much for warrants

Agree getting a loan at better rate and cancelling debenture would be great. Disagree that the stock won't be $1.33 or more by dn.wt.a expiration date. They have plenty of time and it's undervalued as it stands.

Anschutz wrote: Seen this before... those warrants represent potentially +9.7 million shares added to the float; but only if the share price rises north of $1.33. Considering the share price performance over the last 3 years and absolute lack of interest by investors, firms, funds and indexes, that looks like a very tall order.

National Bank is likely content to scalp DN for the 8.5% interest and do nothing (or perhaps even work to suppress the share price) at least for the next 20 months or so to prevent cancellation thereby ensuring the interest payments keep rolling in.

All National needs is for the share price to rise to $1.21 by the expiration in 2021 and they make their principal back. Uncertain how hard National will work to promote the shares/company when they are content scalping interest at 8.5% for another 2 years.

Seriously... how many businesses are taking out loans in Canada right now? Everyone is trying to conserve cash and interest rates are in the basement. The CFO should be looking at a straight up loan from other institutions and cancelling the debinture.

With DN now cash flow positive, growing and history under their belt, they should be able to negotiate a better deal.

Jordan1203 wrote: Well seeing as national bank is the biggest purchaser of DN shares...and everyone here understands how undervalued they are...I have to assume that the dn.wt.a warrants will eventually be exercised.. National bank bought 1 million of these recently.. Isnt that the bank John III worked at for a while prior to leaving for D9!?!?!?!? Hmm..