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 Jan 15, 2022 8:52am

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Post# 34319999

Buy-$1.00 !

Research Capital restates its Buy recommendation on Delta 9 with a target price of $1.00. Current price is $0.30.

He highlights that with the Record Q4 2022 guidance makes his valuation of Delta 9 more attractive now.

He highlights potential catalysts for improved share price:

Doubling the retail network of store to 35 from 16
Sustaining Delta 9 market share in retail and whole business units
Improving Margin driven by ancillary sales
Increasing sales by retail data sharing and offering premium shelf space to peers.