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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 Schwagon Feb 05, 2021 12:50pm
204 Views
Post# 32485024

more stores = more revenue

more stores = more revenueBy my count DN has added 6 new stores in 2020 including 2 in alberta and 1 in Sask. It sounds as if the Alberta stores are not as profitable as the Manitoba stores but nevertheless we managed to nearly double our revenue compared to the previous year. The retail portion of the company has been one of the most profitable so obviously we are going to be adding more stores. the goal is to have 20 stores by the end of 2021 so its probably safe to say that our revenue will double again by adding 11 more stores, especially if we focus on greener pastures (not Alberta). This means that we may be looking at more than 100 million in revenue in 2021. This is not a number to be scoffed at. Comare this to Next Green Wave which has only half our revenue but is currently trading at nearly double our SP. You can make similar comparisons everywhere you look in the cannabis sector. we may not be noticed right now but we will be and when that happens buckle up and enjoy the ride!
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