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 > How much cash do they have?

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Post by TyLeo3on May 19, 2021 8:30am

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How much cash do they have?

From what I see in the Income statement, the company currently has 4,583,563$ cash.

I keep reading "they have 20M in cash". Where does it come from, I dont see it?

Does it come from this statement:

The Company reported a strong financial position, with working capital of $20.7 million and total assets of $75.0 million.

Working capital is not cash.

It burned 3,506,135$ last quarter. Are they going to raise cash or get a loan?

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