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Bullboard - Stock Discussion Forum 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... see more

GREY:DLTNF - Post Discussion

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Post by knights101 on May 17, 2021 7:35pm

GNOTE1

I am starting to worry..it seem John is repeating the same script every Q report..and now a net loss in Q1..I have to choice to stick with it for a while and see what the end of 2021 will look like. I know it long term but I was hoping 1$ this year and doesn t seem like it will happen.
Comment by gnote1 on May 17, 2021 8:10pm
Hang in there if you can/want.  I’m expecting better results in the next 3 quarters.  Retail will start to pick up from now through Summer. Summer season is party season. Covid numbers will improve with vaccinations and get togethers  will once again take place. Employment numbers will improve with more restaurants and bars opening. More employment more disposable income to spend ...more  
Comment by Jordan1203 on May 17, 2021 9:22pm
How would they even afford expansion for cultivation? Lots of $$ due in next 24 months..e.g. debentures, lease liabilities.
Comment by gnote1 on May 18, 2021 8:05am
My thoughts.  They prove to financiers that they are at capacity in cultivation but they have contracts for more  cultivation and increase in retail sales.  They will be proceed with financing and or loans.  Borrow the money for expansion or PP. We anticipate that once we have been able to maximize the efficiency of these assets, our production capacity may exceed the design ...more  
Comment by Jordan1203 on May 18, 2021 9:57am
Not really sure that's a great idea to continue doing raises at this share price lol.. they build a great company but have shown poor judgment on the market side of things IMO e.g. selling decibel at exact 52 week lows. At this point they need some sort of partnership/modest injection of cash so they can wait for supply levels to fall and prices to rebound, as well as get their SP up.. avg ...more  
Comment by Deltauser on May 18, 2021 5:11pm
At this point the concern for me is the loss of profitability. We seemed to be on track for it a few quarters ago (SIGH...) but now it seems like we aren't even close. Write downs every quarter now, and no profit.... moving backwards! Retail expansion is great, however it it doesn't correspond to an increase in revenue, doesn't that mean we are just dividing our market share between ...more  
Comment by Oldtimern on May 19, 2021 7:56am
Under 50 cent today i think, Nothing seems  to  stopp the downrun, perhaps We have a stopp At 38 cent, where we was one time before
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