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 > Retail!

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Comment by kavern23on Mar 31, 2021 9:39pm

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RE:RE:RE:RE:Retail!

The statement of cashflow is what really matters the most here....

Looking very promising.:

We went from a -12.1 M in 2019 for cashflow from operating to a postive 1.5M in 2020.
Big in one year. More f*ckin progress then I am seeing in other weed stocks.

MickeyTJ wrote: Interesting results!

I'm curious why the second consecutive quarter of big impairment charges of biological assets. This last quarter, the impairment charge (~$2.7M) is almost 20% of total revenues. Does anyone know exactly what this is? Is this a writedown of bud that went stale? And why did this start suddenly in Q3 of last year, but prior to that (the previous 2 quarters) there were no losses.

Also, on the projected run rate, I think it's very easy to assume that with each additional store brought on board in Winnipeg there will be a linear growth in realization of revenue but we have to be careful. When D9 opened the St. Vital store ways back I drove all the way from the far end of the city, and I'm sure others did as well. As more stores come on, all the people flocking to one or a few stores previously, will be spread out among the new stores, lessening each stores revenue. Put another way, there will no doubt be increased overall revenue, but the revenue will start to 'flatten'. I could be proven wrong, but do an average store revenue now, and compare it end of the year.

Overall I like the numbers, still no positive EPS, but moving there!