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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.


GREY:DLTNF - Post by User

Delta 9 Cannabis Inc > Insider transactions by john
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Comment by StonksOnlyGoUpon Dec 24, 2020 12:52pm
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Post# 32180897

RE:RE:RE:RE:RE:Insider transactions by john

RE:RE:RE:RE:RE:Insider transactions by johnI see what you're saying here, definitely safe to say there prob wont be any near term buy back seeing as they just had to issue shares to raise funds for something.  In which case there wouldnt be an ethical dilemma as obv management feels they need every dollar available to execute their plans.  

golfyeti wrote:

You missed my underlying concern.  If Delta 9 all of a sudden goes hogwild buying up DN under the NCIB at prices higher than this insider's buy price...then I have a little ethical problem with that.  Wouldn't that be some form of front-running?  At the expense of fellow shareholders?  If the CEO thinks the SP is a deal, doesn't his fiduciary duty to shareholders call him let the company buy back shares first?  I'm not a lawyer but I'm pretty sure there are rules surrounding this potential coarse of events, and if not the optics would look horrible.  Just saying...  



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