Bullboard - Stock Discussion Forum 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... see more

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Delta 9 Cannabis Inc > Decibel update

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Post by Deltauser on Nov 25, 2020 1:49pm

Decibel update

12:12 PM EST, 11/25/2020 (MT Newswires) -- Decibel Cannabis (DB.V) reported a Q3 2020 comprehensive loss of $1.36 million or $0.00 per diluted share, compared with a comprehensive loss of $389,000 or $(0.01) per share for the year ago quarter.

Net revenue grew by 163% over the comparative 2019 period, from $2.88 million to $7.5 million.

Decibel also announced that due to personal reasons, CEO Benjamin Sze is taking a leave of absence as of the close of business today for an indefinite period of time. Cody Church, the company's current Chairman, has been appointed Interim CEO.

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Comment by Deltauser on Nov 25, 2020 2:05pm

So, as previously posted, I'm no math genius, so if someone elsse can run some numbers here, I would love to get a second (or third) opinion..... If a loss of 1.36 million doesn't register on loss per share (0.00), than presumably that means that the loss per share is less than -0.005.... SO if a loss of 389,000 registered as -0.01 a year ago, that would mean that in 1 year the share ...more

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