Delta 9 Cannabis Inc DLTNF

RE:RE:RE:RE:RE:RE:I can't be the only one....

[StonksOnlyGoUp]

FWIW I've always enjoyed reading your posts even if I don't always agree with the content.  I look forward to the day you rejoin the bull team.  You contribute positively to the discussion either way so I'd rather you didn't go silent.  I agree though, when something is underperforming sometimes it's better to just step away for a while as opposed to be reminded of the frustration daily :)

A merger would be fine by me as long as we get a decent price that better reflects our value, that's why I don't see one coming in the near future.  We're pretty heavily undervalued I'd say and I'm sure managent agrees.  

One thing you said I think is a little misleading, that is to blame DN for destroying shareholder value.  I feel it's passing off our own accountibility for our actions.  All those experiencing heavy losses on DN bought at a time when hype in weed was high and we all saw then, what others still see now, a weed company that was way less expensive then its peers.  We bought in when the company wasn't yet profitable and we were speculating on it's future worth.  We all know how the story goes from there, Ontario screws up, sector crashes, yada yada.  My point is we decided to take that gamble and it didn't pay off.  That's on us, it's not DN's fault.  They've done consistently well and are outperforming the industry in many ways.  They don't control how others decide to invest, they can't just reignite weed market hype.  All they can do is increase the real value of the company (which they have, repeatedly now) and hope others take notice and I for one believe they will.

Anschutz wrote: You're right... an inabilty to read an alternate view point and simply either consider or ignore is your problem. A question was posed to the board (by someone else I might add) and I chose to offer my opinion.  People can take it for what it's worth.  I may not post every day/week like some here, however I do read every post.  I simply see no reason to comment or gush love everytime the share price pops a nickel or two. The reality is that as an investment DN has destroyed more shareholder wealth than its created and there need to restore investor confidence.

As for the 2020 US election, I think we need to consider that back in 2016 the world was a different place. The Canadian and US economies were doing ok, sentiment was that Trump policies would be good for the US markets (which they were) and would have a spill over effect to Canada (which it did but in a muted way), and cannabis legalization in Canada was on the horizon fueling hype in the sector.

Today it's a completely different world. Cannabis has been legal for 2 years in Canada and the hype is gone. Democrat run cities in the US are ripping themselves apart in effort to defeat Trump. Markets are fearful of what will happen to the US economy if democrats win in November. Trudeau/Freeland are about to launch Canada on a course of energy self-destruction and unprecedented historic tax hikes. Not to mention that market capital is largely centralized within FANG type companies leaving substantially less for other sectors. All of this should be raising serious red flags for investors (note I'm talking in generalities and not specifically about the cannabis sector). 

The only silver lining I see in this is that if the democrats win, we may see a pop in the sector 'if' they follow through and move quickly to legalize federally.  How this will effect DN is uncertain as other than selling pods to the US their focus is still pretty much about expanding in Canada. Not really a plan that is set to capitalize on US legalization.  

As for acquisitions I would rather DN be acquired at this point. Perhaps by a large US/international based major that wants to dip a toe into the sector and can help them move the company beyond the Canadian border.  As for the effect of the new NASDAQ ETF... personally I'm not holding my breath, especially if a market melt down occurs.

In any event best of luck with your investments. I think I've offerred enough of my opinion and going back to silent mode ;-)

Debentures wrote:

Listen, you're entitled to your bearish opinion if you believe thats how it will generally play-out. My problem is more you sign off for 2 months and show up on red days/to troll. This makes it seem that you have ulterior motives and are using this as your burner. Calling 1/2 the price generally is a fear mongering tactic.

My view on general markets is more from the perspective that markets will need an event like a bankruptcy. The US Election typically has not shown to be choppy in the cannabis market. Historically, in 2016 leading up to the US election cannabis stocks rallied from summer to winter. We'll see if this hold true in an era where big tech has carried the big indexes. 

RE: my NASDAQ point is in regards to cannabis. There is a cannabis ETF being listed on the NASDAQ which consists of the top US companies that works on swaps. This likely will see action by Robinhood traders pushing up the market. This is the first ETF of it's kind on a major exchange in the US. People buy the ETF, swaps are used to purchase shares.
 

If anything DN will need to start using there small float to their advantage and make acquisitions. They've proven they can remain net income positive.