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Delta 9 Cannabis Inc DLTNF

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

Post by Canadaforoilon Dec 05, 2020 5:51pm
131 Views
Post# 32044742

Bought offering

Bought offeringSo was the bought offering to finance an acquisition in the market?   SCU has a current cap of $18.5 million, so they would still be short, but could make up the difference in shares.  If they can pull this off and create Second Cup/D9 cannabis rooms, that would be interesting.  But will there be money in the businesses and how long will the affects of COVID be around, keeping people isolated?  Listing in the U.S. is impossible right now with their financials and why worry about going into a big pond where notobdy knows who you are.  The company needs to focus on "creating shareholder value" and trying to get listed in the U.S. won't help at all.  D9 is barely noticed in Canada as an investment opportunity.   The one thing the Arburhnots did was use the markets to build a small/medium business which will provide them with a good salary/return for life.  Like they say, never use your own money to build a business.  We all helped build a small business for the Arbuthnots, like parents giving their kids money to open a pizza joint to get them out of the house.  
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