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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 > Cash burn rate
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Post by unoriginal_username on Nov 24, 2022 6:50am

Cash burn rate

Unfortunately you can't run a business losing money. Check out pure gold  cash burn 9 million a month income from gold 20 million. They shut the door and put the mine in maintenance. Delta Nine is no exception to the rule . IMO unless they're expecting a government hand out which I doubt.  buying more stores when you're losing money is dead money glta
Comment by golfyeti on Nov 24, 2022 12:23pm
  A company can be run for decades losing money if you have someone with deep enough pockets bankrolling the company until some day it becomes profitable or is sold (liquidity event).  I seem to get sucked into these kind of companies for some strange reason, lol.  You need patience of God with these companies but they can in the end pay off really, really big.   ...more  
Comment by Oldtimern on Nov 24, 2022 1:26pm
What happend is the company, out of money, lot of sellers in 10, cent,  Realy bad, the market seems to belive , This is finishd 
Comment by unoriginal_username on Nov 24, 2022 3:27pm
Hahaha Delta backed by the Mennonite colony good luck with that lols
Comment by gnote1 on Nov 24, 2022 4:23pm
They just announced the Dauphin store opening on the Twitter account.  this expense accounted for or an additional year end expense? 
Comment by gnote1 on Nov 24, 2022 4:38pm
I'll correct that "upcoming store opening"! 
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