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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

Comment by gnote1on Dec 26, 2020 1:04pm
188 Views
Post# 32183833

RE:RE:RE:RE:RE:Cost vs profit

RE:RE:RE:RE:RE:Cost vs profitI can understand your frustration if you've been in this stock since inception. But lets say you purchased Delta 9 for the first time this year when it was in its 30's?  Almost a double at this point and you would be happy with SP and progress.  
2021 should see revenues in Retail going up with 9 stores.  Build out expenses for most of these stores are taken care of.  More retail to come.
Wholesale sales should also be on the rise with Ontario coming on board in the second half of 2020. Plus the fact that efficiencies have improved and cost per gram is one of the lowest in the industry.
B2B sales seems to have ended strongly with New craft cultivators and sales in the US.
B2B d-pods is an unknown.  But overall revenues will be around 50 million in 2020 with expenses going down and 2021 could be up 30%.
They have money available to expand.  All good from my point of view.  Hang in there for another  6 months if you can stomach it!
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