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 > Q3 guidance!

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Comment by StonksOnlyGoUpon Nov 10, 2022 4:29pm

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Post# 35089736

RE:RE:RE:Q3 guidance!

Very dissappointing results for sure. My guess is that people are reducing weed expenses while adjusting to greater inflation and interest rates. I thought maybe with q2's uptick that weed sales would stay strong but hard to say now. Hopefully xmas sales boost these numbers. Q1 seems to be a bad seasonal quarter so may be a while before we see results worth having.

I made out ok on the dilution. I increased my position for more then the dilution at.11 which was way cheaper than the funds were raised at and even cheaper than the insiders bought in at .125

I had a decent sized order in hoping to cherrypick more at .10 but after this guidance I've decided to cancel that and see if I can get in under .10. With the reduced revenue and new store development costs I can't see this quarter's financials looking particularly great and new stores have never earned much excitement from the market before. I hate to say it but with recession fears looming I think we'll see some more folks givng up and dumping their shares after another disappointing quarter. We'll see in 5 days I guess.

golfyeti wrote:
How many stores did we add in the last year and as a result we get near zero y/y revenue growth?

20 million shares given away, i.e. 16% shareholder dilution for us all just for 3 "garden variety" stores and for that we get a DECREASE in q/q revenue?? WTF!

Management has a lot of explaining to do. They need PROVE that they know what they are doing. The results so far don't show it...