Delta 9 Cannabis Inc DLTNF

And the share price BEAT DOWN goes on....

[golfyeti]

Unbelievable lack of confidence, John!  Just step down already!  Let someone who believes in this company take over!

Arbuthnot IV, John William (John)

Insider's Relationship to Issuer:3 - 10% Security Holder of Issuer

4 - Director of Issuer

5 - Senior Officer of Issuer

Transaction

Date Transaction Nature Volume or Value Price Account

Balance

Security Type: Common Shares (Direct Ownership)

Jun 1/23 10 - Disposition in the public market -75,000 $0.055 14,022,500

May 31/23 10 - Disposition in the public market -100,000 $0.055 14,097,500

May 30/23 10 - Disposition in the public market -100,000 $0.055 14,197,500

May 26/23 10 - Disposition in the public market -125,000 $0.055 14,297,500

May 23/23 10 - Disposition in the public market -100,000 $0.050 14,422,500

May 18/23 10 - Disposition in the public market -160,000 $0.050 14,522,500

May 17/23 10 - Disposition in the public market -340,000 $0.050 14,682,500

Apr 24/23 10 - Disposition in the public market -35,000 $0.060 15,022,500

Apr 21/23 10 - Disposition in the public market -90,000 $0.065 15,057,500

Apr 18/23 10 - Disposition in the public market -60,000 $0.065 15,147,500

Apr 17/23 10 - Disposition in the public market -120,000 $0.065 15,207,500

Apr 11/23 10 - Disposition in the public market -50,000 $0.070 15,327,500

Apr 10/23 10 - Disposition in the public market -150,000 $0.075 15,377,500

Apr 5/23 10 - Disposition in the public market -150,000 $0.070 15,527,500

Mar 3/23 10 - Disposition in the public market -60,000 $0.080 15,677,500

Feb 22/23 10 - Disposition in the public market -37,500 $0.075 15,737,500

Jan 27/23 10 - Disposition in the public market -25,000 $0.090 15,775,000

Jan 26/23 10 - Disposition in the public market -20,000 $0.095 15,800,000

Jan 23/23 10 - Disposition in the public market -30,000 $0.090 15,820,000

Jan 13/23 10 - Acquisition in the public market 25,000 $0.090 15,850,000

Jan 11/23 10 - Disposition in the public market -100,000 $0.075 15,825,000

Dec 21/22 10 - Acquisition in the public market 100,000 $0.065 15,925,000

Dec 13/22 10 - Disposition in the public market -610,950 $0.085 15,825,000

[2Early2Retire]

This is either part of some strategic plan, or John is terrible with his personal finances and needs to sell to pay his debts. I'm hoping for the former, but not ruling out the latter. If it was truly bad news for the company, I'm sure the other insiders would be selling, but no, it's just John.

[2Early2Retire]

... And for the record I voted to Withhold on the compensation packages being reinstated. They think that that laying off 40 people and buying an efficient Joint roller means they deserve compensation when the stock price is stagnant warrants compensation is acceptable, well, they can GTFO.   

[knights101]

I agree, none of the others are selling so we dont know what is going on..hoping for good news soon.

[knights101]

good news...not giving up on delta 9 cannabis...hope for more good news ..in the near future

[knights101]

why  John was selling his shares...money for the new contract with BC? I think

[2Early2Retire]

Knights, could you explain your reasoning on this statement, please? I don't see how John selling his personal shares would any way be linked to a company contract for 8 grow pods. I'm sorry, but I just don't see the connection.

[knights101]

your right ..after seeing your post....this is not a  good sign....why is he selling his shares....if you  have confidence in your own company ,,you would not be doing this so...the only reasoniing  is that its got to be something else..personnal problems , who knows

[golfyeti]

Another 1.75 million shares DUMPED just since the June 1 report!    WTF Filing DateTransaction DateInsider NameOwnership TypeSecuritiesNature of transactionVolume or ValuePriceJun 20/23Jun 19/23Arbuthnot IV, John William (John)Direct OwnershipCommon Shares10 - Disposition in the public market-1,000,000$0.060 Jun 20/23Jun 15/23Arbuthnot IV, John William (John)Direct OwnershipCommon

[2Early2Retire]

With the latest sell, I'm convinced more than ever that John has been advised to reduce his share count (the other insiders are not selling). it's interesting that this numbered Canada Ltd. is now (and has been for a while) the largest shareholder.  For those not into doing the math, John has sold 2,250,000 shares and recieved $119,810 since May of this year.No other shareholder has

[2Early2Retire]

Correction: he sold for a total of $126000

[unoriginal_username]

If you look at Hexo and Tillray a merger with a larger player could help . Hopefully not canopy I think it's the onions for that outfit. Would be nice if sundial was sniffing around . Alls I know is something has to change and let's hope the company goes in the right direction for the shareholders. The piggy bank is broke lols imo GLTA 

[knights101]

Seems DN 9 starting to look good compared to weed at 68 cents ftom 68 $....

[gnote1]

Yes indeed. What a sad state of affairs for that once major cannabis company!  My take on John A selling his shares in high volumes is to lessen his share count to please a merger or take over agreement with a larger company.  larger company doesn't want John to have more shares then any one of their existing top executives  He will be offered an executive role in the

[golfyeti]

I have been around since grass was invented and I have never heard of such a pre-merger  arrangement.  Makes no sense to me.  The objective you cite can be accommodated with sixteen different accounting ways that are routine in a merger and certainly less questionable.  JMHO Deduct, defer, and divide.  The mantra of a tax planning specialist.  The only thing that I

[gnote1]

Thank you for your expertise! Appreciated, that's why asked for others thoughts on John's selling. 

[thompsonlj]

why sell the shares into the market when you can just gift them .

[golfyeti]

Millions of shares being sold in the market lowers the share price.  He would know this.  So why keep hammering the share price into the pennies? Maybe it is a change of ownership done in a way to minimize the tax bite when you sell/gift at a low share price.   A straight gift would be done at fair market value, i.e. a share price that isn't depressed by the millions of

[unoriginal_username]

Maybe he is paying off the mortgage lols who knows I will ask him Friday. Glta

[golfyeti]

Did you get any "intel" from the AGM?  Were any pointy questions asked during the Q & A?

[unoriginal_username]

Sorry guys didn't make the meeting had to go on holidays.  But I stopped and bought some dn9 supplies. Glta

[muslix1]

why ACB and WEED or up 8% and 24% today DN -7,5% wtf

[golfyeti]

When someone (insider) dumps over a million shares in a single trade (12:31), then yeah, the SP typically goes down. Time and Sales   Date/Time Type Price Shares Exch/Mkt Buyer Seller 07/04/2023 12:31 PM EDT

[thompsonlj]

it's also a block trade at a fixed price

[knights101]

john..another 1 million shares..

[muslix1]

this baster still have few millions...

[StonksOnlyGoUp]

Do we know definitively that it was Jon selling these shares?  I agree it seems likely given the large volume of the trade, and his selling behaviour lately, but just for clarity, is it officially disclosed yet?

[golfyeti]

I figured it was a safe assumption given the selling pattern over the last year.  Here's where you can check.  He may not have filed the report yet.  I noticed that Sundial is selling too.   https://www.canadianinsider.com/company-insider-filings?ticker=DN  

[StonksOnlyGoUp]

Canadian Insider was actually my first stop (super useful site) and I didn't see it there, but of course they have 5 days to officially disclose.  Also, for sure it is a very reasonable assumption. The Sundial selling is worrisome, the amounts aren't far off what the interest payments would be on the loan.  It may be possible that DN paying that bill in shares and Sundial is