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 > Results are out.....

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Comment by kavern23on May 17, 2021 10:09am

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RE:RE:Results are out.....

I got out at breakeven awhile back as well. I could tell from market depth this wasnt moving.

The biggest issue facing the whole industry is expenses not growth.
A day of reckoning is coming to the expense line for the whole indsutry.

Marketing expenses are too high.....
G&A expenses are too high....

It's going to be a low margin business and you can't have a ton of employees making wages as nothing left for the shareholders.

Weed companies are going to have decisions to make..keep giving the returns to employees in wages or start cutting and giving the shareholder a reutrn.

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