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 > Insider transactions by john

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Comment by Debentureson Dec 24, 2020 10:12am

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RE:RE:RE:Insider transactions by john

All NCIB buys by the company need to be reported under SEDI as stock is being added back to the treasury. There are companies who get NCIB approval to appease shareholders and do not buy back shares.

As of today, there have been 0 NCIB buys else you would see it filed to the public. This further leads to questions around D9 cash flow and profitability. Afterall, if your business is generating cash flow why wouldn't you buy shares back at 1/3 the value of the equity report?

GL

golfyeti wrote:

johnabo wrote: Looks like he bought 150,000 units so 150,000 shares and 75,000 warrants on the prospectus deal and another 46200 shares in the market. Always good to see insiders buying

Does this mean that Delta 9 had already exhausted the NCIB?