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 > Be Careful Here

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Comment by Debentureson Mar 08, 2021 2:47pm

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RE:RE:RE:Be Careful Here

gnote1 wrote: Lets see 45 million added debt as suggested by Mr Debentures, pay down the debentures, buy 8 existing cannabis stores in Ontario, Alberta and Sask?, Maybe expand their cultivation facilities?
Might be worth to do all thesee asset building actions!

They have no money to pay off the debentures else they wouldn't of raised money. The Debentures at this rate will dilute shareholder equity by 20+ mill common stock plus another 10 mill warrants (depending on pricing) aka your shareholder value gets dilluted. If the holder of the debentures decides to take reduced shares vs. defaulting on the loan. Afterall, convertible debentures is an OPTION to take cash or shares.

45 million is total debt (up from 37).

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