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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.


GREY:DLTNF - Post by User

Delta 9 Cannabis Inc
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Comment by Jordan1203on Jul 10, 2020 2:12pm
101 Views
Post# 31252809

RE:Now is the time to buy

RE:Now is the time to buy

Not sure on that one. D9 yes I agree. Rest of sector looking weak based on the charts IMO. Volume has faded. Ogi released guidance saying results will not meet expectations, trimming 25% of workforce. Canopy CEO said this is a "year of transition" and I thought some of their retail stores were still closed?, ACB hinted during last earnings call that next Q wouldn't be great. Rally is 6 months to 1 year away I think.. Need combination of more cost cutting & more retail stores. Might be a few individual names that break out if there results are exceptional (e.g. aphria based on their chart, they continue to exceed target @ earnings time)... but the rest will have to wait for canopy to be profitable im thinking.. Wouldnt be a bad idea to start small positions on some if we get a nice pullback in next few months. Just my thoughts. 

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