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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

Delta 9 Cannabis Inc > Johnny needs to go . . .
View:
Post by Canadaforoil on May 31, 2021 1:37pm

Johnny needs to go . . .

as he has allowed the share price to drop around eighty percent from start-up.  Issuing unnecessary debt killed the share price and his ideas of growth are poor at best.  When you are a new company, focus on what you do best, attain that goal then start to diversify with the positive cashflow that you have created from your core business.  This has been a mess for the last two years, expanding brick and mortar retail shows a lack of business accumen.  If you have a great product, people will come to you, you are not a Starbucks and do not need expensive stores all across the city.  Stop cannabalizing your own stores with expensive leases.  If Johnny stays, this company will be just like "socials", only a Manitoban knows what they are.
Comment by Oceanis on May 31, 2021 2:05pm
sounds like you'd do a much better job @canadaforil? you should sell get out while you still can SELL SELL SELL. 
Comment by 2Early2Retire on May 31, 2021 2:29pm
Well, that's not going to happen. The reality is that John and his dad collectively own the majority of the shares. Like it or not, this is their ride. If you don't like the direction the company is taking, we are all free to sell.  I've been in this for the last 2 years. When I started I promised myself a 5 year long hold. I, like many shareholders, have not been happy with this ...more  
Comment by Oceanis on May 31, 2021 2:42pm
I think you need to have close listen@2early2retire he never said or hinted about being aquired, he said they were interested in Aquiring.  That in context with aquiring retail stores throughout  2021.  There making a go of it!
Comment by Oceanis on May 31, 2021 2:55pm
Latest PR by Practive May 19.2021 (5:26min mark) in regard to mergers and aquisitions. John Arthbutnot/CEO.
Comment by StonksOnlyGoUp on Jun 01, 2021 11:10am
The share price hasn't dropped 80% from start up.  Clearly you don't understand this company or the sector.
Comment by Oldtimern on Jun 01, 2021 1:36pm
I payed 2,50, this down trend seems never to stopp, 
Comment by StonksOnlyGoUp on Jun 01, 2021 2:17pm
That was your mistake.  You paid a premium for a company that had little established revenue and no open stores at the time.  You got caught up in the speculative hype surrounding the sector at the time.  Happens to us all.  I'm not judging btw, my first buy in was $1.95.  Now you need to decide whether you believe in DN's longterm success or whether you'd ...more  
Comment by Anschutz on Jun 01, 2021 5:07pm
The share price has slid lower practically every day since shares began trading publicly.  This was a +$4 stock the week of the IPO.  It's since slid lower every day/year ever since.  It's down almost 90%.  Management has been a disaster for anyone that entrusted them with their investment capital. Majority of investors, friends and even family members are disgusted ...more  
Comment by StonksOnlyGoUp on Jun 01, 2021 6:44pm
Anshultz, what you have said is at least technically correct about the first week of the IPO, unlike Canadaforoil, whose claim was plain wrong.  DN's start-up price, assuming we're talking about the public offring Nov. 6th, 2017, was $0.65.  That is what John and the team thought their shares were worth at that time.  Some absoultely insane speculators, rabid with green ...more  
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