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Bullboard - Stock Discussion Forum Delta 9 Cannabis Inc T.DN

Alternate Symbol(s):  DLTNF

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company's subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000 square foot production facility in Winnipeg, Manitoba, Canada. The company owns and operates a chain of retail stores under the Delta 9 Cannabis Store brand.

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Delta 9 Cannabis Inc > DN: Time to prove the VI business model
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DN: Time to prove the VI business model

golfyeti (26) | September 28, 2022 11:52 am

Canopy, the industry mothership, is getting out of the vertically integrated business model due to thin retail store margins.

Delta 9 absolutely must stop overpaying for retail store growth, maybe even suspend any further retail growth, until they FIRST prove its VI business model's profitability.

 

JMHO

 

RE:DN: Time to prove the VI business model

2Early2Retire (33) | September 28, 2022 01:36 pm

Got some bad news for you then, (yesterday?) CBC Manitoba had a story about cannabis retail hitting the saturation point country wide. They interviewed John (nothing he said was new), but they did mention D9 is looking at MORE acquisitions within next 6 months.

I agree that they need stop using shares as currency, and stop over paying with those shares. Those three new stores are nice, but they are NOT worth the cash equivalent of about a million dollars each. 


All that said, John and a few of the other insiders are increasing their own D9 share portfolios, so that at least is encouraging.

RE:RE:DN: Time to prove the VI business model

Tonydatigerrr (1) | September 28, 2022 03:25 pm

In the business world, to pay 1 million dollars for a business , at EBITDA at 5 times (this would be very high price) would have to show a net income of $200000/year. A net income of minus whatever? is maybe $50000 and taking over your lease. 

RE:RE:RE:DN: Time to prove the VI business model

unoriginal_username (44) | September 29, 2022 10:50 am

Yes I agree 38 stores should earn some profit. The company spouted about share buy back. Well mows the time to care of the shareholders who risked all for the company to succeed. Time to put up or shut up eom

RE:RE:RE:RE:DN: Time to prove the VI business model

knights101 (33) | September 29, 2022 12:19 pm

I agree...hopefully they kniw what there doing

RE:RE:RE:RE:RE:DN: Time to prove the VI business model

gnote1 (31) | October 03, 2022 08:44 am

Q3 is complete. 
If DN can report revenues around 20 million then theyll be off to the races in Q4 and beyond.  38 stores plus in 2023  and other revenue streams will be all counting in the the new year. 
Sadly for some the pace is not fast enough.  The losses the other LP's have been facing will come back to haunt them in 2023! 

RE:RE:RE:RE:RE:RE:DN: Time to prove the VI business model

golfyeti (26) | October 03, 2022 02:40 pm

My Q3 revenue prediction is:

$19.5 Million

Hoping that I am too conservative and hoping there are clues that they will focus more on a positive bottom line.

 

 

 

 

 

RE:RE:RE:RE:RE:RE:RE:DN: Time to prove the VI business model

unoriginal_username (44) | October 04, 2022 10:34 am

I'm guessing. 22 or 25 considering the diversity of the company! Glta
 

RE:RE:RE:RE:RE:RE:RE:DN: Time to prove the VI business model

Oldtimern (4) | October 05, 2022 02:52 am

The market gone upp very much yesterday, but  this stock was one of few who, gone down, unbelevebel , cant find any stock how is this bad, sad and question is are they going to KK.

RE:RE:RE:RE:RE:RE:RE:RE:DN: Time to prove the VI business model

StonksOnlyGoUp (26) | October 05, 2022 11:30 am

Lol you just don't learn do you?  How many times have we said this stock will only move in a meaningful way on PROFIT or the promise thereof?

Of course it isn't going up simply because the wider market is going up.  It is a relatively unknown micro cap stock.  Why would you expect people to suddenly start buying it because the index is up?


Oldtimern wrote: The market gone upp very much yesterday, but  this stock was one of few who, gone down, unbelevebel , cant find any stock how is this bad, sad and question is are they going to KK.


RE:RE:RE:RE:RE:RE:RE:RE:RE:DN: Time to prove the VI business model

knights101 (33) | October 05, 2022 06:23 pm

I have to agree..tbis company needs to show profit......highter revenue to good But Net Profit is... the only way this stock will go up...Confidence the company will do well is profit.. it was suppose to be this year..I think it might now be next year!!