Delta 9 Cannabis Inc DLTNF

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 > Second half of 2022 will be . . .

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Comment by Canadaforoilon Apr 19, 2022 8:20pm

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RE:RE:Second half of 2022 will be . . .

You are right. To clarify, revenue increase based on increase of stores (revenue per store) and then the obviousl, they hardly ever make a NET PROFIT. You can have as much revenue as you want but as long as your expenses outwerigh the revenues, the burn rate will continue to be high. Hence the current share price of .31, this will be no where near $1 unless there is a reverse split.

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