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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.


GREY:DLTNF - Post by User

Post by golfyetion Sep 09, 2022 1:23pm
174 Views
Post# 34952607

I care

I care

Can't wait for guidance on 3rd Q. Only 3 weeks left in the quarter.  

My prediction...Revenues come in at $18.5 M.  Just under 6% up from last Q's $17.5 M.  We'll be over $20 M per Q  runrate by xmas...$80 Million annual run rate ain't chump change.  And I am counting zero revenues from their provincial distribution/cross-docking subsidiary and nothing for any pod sales.  Sales from either of those should help us get over the $100 Million annual run rate with a year.

It would be nice to see some real (non-adjusted) EBITDA, real profits, but I 'get it' that they are in market share capture mode.  Some real EBITDA though would get some attention in the industry and maybe our stock price will get out of the dog house, get it above a dollar, so only then we can use it as currency at a more reasonable valuation, similar to what is used for what we are buying.  We have to stop using our shares as currency valued at only .25 sales to buy less diversified operations at .5 to .7 times sales.   

If they can just do those two things, wring out some real profits and persue responsible growth at a reasonable price, then we'll eventually get noticed by the broader market and our share price will  shoot off to the moon.

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