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 > SNDL bought Valens for $100 M (in SNDL stock) a yr ago

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Post by golfyetion Jul 09, 2024 11:05am

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SNDL bought Valens for $100 M (in SNDL stock) a yr ago

and Valens had $100 M in debt to settle! so SNDL's cost really was $200 M. Valens revs were a little higher (~25%) than D9's today but Valens losses were gargantuan compared to D9's, like between ten to twenty times. Lost over $250 million in the year leading to the buy out.

$100 M for D9 shareholders i.e.. ~ $0.33 /share would save a lot of D9 shareholders from losses. Can't believe our share count is over 300 million now. What a mess!

We just need a real CEO to negotiate a favorable buyout price. With the CEO selling millions of his shares at below $0.02, I would suggest that the current CEO isn't up to the task of getting us 15 X the price the whole world sees him frantically selling at.

JMHO

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