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

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Post by gnote1on Apr 14, 2021 6:31pm

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Post# 32997628

Fundamental Research April 8th research-tidbits

Delta 9 one of FRC Top Picks.

Fair Value $1.10 - Buy Rating.

DN ended the year with nine retail stores, and opened two in 2021. Management expects to open up to nine stores (with four-six in Manitoba) this year.

Possible revenue for 2021 - 75,5 Million 2022 85,6 Million

We expect cannabis 2.0 products to be one of the driving factors of retail growth – and DN is well-positioned to take advantage of it with its in-house brand portfolio. We are maintaining our BUY rating, and revising our fair value estimate to $1.10 (previously $1.24).

My feeling FRC taking a concervative approach to expectations noting that B2B is the unknown.

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