Delta 9 Cannabis Inc. DLTNF

Sundial the consolidator

[golfyeti]

Interesting news

Sundial on an acquisition rampage.  I wonder if, beyond there recent investment in DN, Sundial will make a take-over play for us.

https://www.newswire.ca/news-releases/sundial-growers-enters-into-a-bid-agreement-for-zenabis-global-inc-s-assets-837409090.html

[golfyeti]

SUND vs DN Just crazy that Sundial reports less revenues than us in the last 12 months but has a Market Cap of about $980 million CAD vs our $70 CAD, a 14 FOLD difference.  SUND trades at 17.4 times sales and DN trades at 0.4 times sales.  WTF?! One of these companies evidently has enormous credibility in the market and one of these companies needs to step-up and pull out their A

[Binkyman69]

Our market cap is 25m not 70m.. sundial has a ton of cash on hand that makes up almost all of why they have that valuation.. prob trading for cash on hand. Also, sundial is one of the most shorted cannabis stocks..it was lumped in w the other meme stocks as being heavily shorted.

[golfyeti]

thanks for the correction and additional info. I had the market cap right with the price-to-sale ratio calc so not sure where I pulled the wrong number ($70M) from.  Still think DN is riddiculously undervalued vs Sundial.  

[Northboy44]

What a shame 19 cents.  Way to go john

[KentukyFriedCoal]

Their goal has always been Delta 19. Althogh Delta 9 is only 10 cents away. It's not "way to go john" it's "go away john"

[StonksOnlyGoUp]

I think it's hard to compare, Sundial is siting on a lot of cash which factors into their share price.  So I don't think it's just credibility that's the issue. That said, they are ging to be perceived to be more credible for a number of reasons: they're much larger, more experienced CEO, much less relative debt, traditional grow practices instead of novel pod technology