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 Deltauseron Oct 19, 2020 7:54pm

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Post# 31745710

RE:RE:Another Great News release!

"The purchase price for the transaction is $875,000, of which $750,000 will be satisfied through the issuance of common shares, and $125,000 in cash on the closing date of the proposed transaction."

Is it just me, or was anyone else not immediatly thrilled with the idea of so much dilution? I mean, another store is great and all, but that much dilution is quite of bit (~1.5% if my math is right...) I think I would have been a lot happier if the purchase was straight up CASH.

Thoughts?

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