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 > Leedes incentivized

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Comment by Anschutzon Dec 05, 2020 8:57am

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RE:RE:RE:RE:RE:RE:RE:RE:Leedes incentivized

Interesting posts regarding a US listing. Personally I don't think it would make much difference in the share price if company focus remains status quo. I think a US listing only makes sense if the company is expanding into US or international markets in a big way. With DN really only focusing on Canada at the moment, I don't think US investors will even consider it. Add to this that management has been incapable of generating interest with Canadian investors and I think there is zero chance of them attracting foreign investors on a US exchange. Instead I think the company needs to do something to get the share price price up in Canada first. With the share price and market cap where it currently sits, I'm not even sure they'd qualify for a listing. I get these guys want to do it on their own by slowly adding stores and production. I still think they would do better however partnering with a major in a complimentary industry that has the expertise and infrastructure, rather than trying to recreate the wheel and learn as they go. At some point management needs to realize a low share price is bad for the company and it's their responsibility to do something about it. The recent bought deal is a perfect example of management handing over equity for peanuts. Funny how management seems content to grow at a snails pace perhaps believing it will result in greater wealth, yet gives up equity for peanuts. Their logic escapes me. The company needs seasoned business expertise. Hopefully they have a plan and what we've seen so far is only the start. Adding more stores in Winnipeg seems like a bad idea. Too small a pie, too much overhead cost, especially in malls that will take a long time to recover post covid (if ever). Anyone remember the George's Burgers expansion back in the 90s. How many of those outlets still remain? Winnipeg/Manitoba is done. Move on.

Debentures wrote:

StuffMonger wrote: It's because we are only listed on the no liquidity TSX exchange we need that dirty robinhooder money off the americano exchanges

we traded more in the us today then Canada. A measy 32k and opened at 64 cdn LOL I feel you there