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Delta 9 Cannabis Inc. (DLTNF)

Other OTC - Other OTC Delayed price. Currency in USD
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0.2788+0.0086 (+3.18%)
As of 11:22AM EST. Market open.
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  • D
    Dan
    Shawn/ Scott : Was that you that pounded the shorts?
    Now up to 180,000 shares.
    If not, wonder if it's an Insider who knows something?
  • A
    Antoni
  • S
    Shawn
    Noticed a couple promo items available at my Delta 9 location that I’m curious about. They’ve had some items with the Delta 9 and Tweed (Canopy Growth - WEED.TO) logo side by side. I’m really hoping Canopy doesn’t try buying out Delta 9 like they did Supreme Cannabis. Feel like Delta 9 can get pretty far on their own merit with their growth over the last couple years.
  • A
    Archie
    the average price of cannabis has dropped since legalization in Canada. Tough market to be in when competing with the illegal trade. John Arbuthnot is working hard to expand and keep expenses in check. Is 0.3450 the low mark? I don't know but he and his team are completely engaged and time will tell if the trajectory is up or down but my opinion is that the building starts upwards from here. Expansion is nearly complete at the Winnipeg location and the U.S. pod business is just starting. Best wishes to all....
  • P
    Pobz
    Ok, who's still in here holding this stock with me?? I'm in need of some confirmation bias with today's drop XD
    Here's my opinion on $DN:
    1) Insiders own >35% of the stock, it's clearly in their best interest to make this work unless they enjoy the expensive hobby of throwing millions in a bonfire.
    2) Their projection of a return to positive earnings in early 2022 makes sense. This should be a big catalyst in either q1-q2 2022.
    3) They have to refinance their debentures before july 2022, which will be another good catalyst.
    4) They are actively growing, increasing their visibility and maket share, with their new stores recently opened they will continue to increase revenues.

    I don't see any way this company could go down anytime soon. Their business model is financially sound, they are highly undervalued in my opinion, I believe mr market will realize this once they become more steadily profitable.
  • R
    Robert
    can someone tell what the price of this stock is right now??
  • C
    Colin
    The year to date chart is spectacular! Should be near .15 by summer 2022! Shorts are killin it!
  • N
    Nelson
    NEWS!!!
    WINNIPEG, MB – November 30, 2021 – DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) ("Delta 9" or the "Company"), is pleased to announce the opening of a US based showroom in Valley City, North Dakota, for sales of the Company’s proprietary grow system.

    The showroom facility will provide potential Grow Pod customers with a stateside option to view working infrastructure in the United States. Delta 9 has now sold over 250 Grow Pods to third party facilities across North America. 

    “We are continuing to ramp up our marketing efforts for our Grow Pods in the United States market and this new showroom will play an important role in our US strategy, said John Arbuthnot, CEO of Delta 9, “We feel the US market will provide a significant growth opportunity for our B2B and equipment products in the coming years”.

    The Company's cultivation methodology is based around a modular, scalable, and stackable production unit called a "Grow Pod", which are based on retrofitted 40-foot shipping containers. The Grow Pods are built to comply with Health Canada or other State or federal regulatory standards for security and Good Production and Good Agricultural Practices and are optimized for large scale cultivation operations. 

    The showroom facility is co-located with Malach Metal and Machining Inc. (“Malach”).  Malach has facilities located in Winnipeg, Canada and Valley City, North Dakota, USA, and is a world-class supplier of fabricated metal products and supply chain solutions to the OEM, transportation, agricultural, heavy construction, and medical / electronics industries. Malach boasts over 135,000 square feet of manufacturing, storage, and office space at its Canadian and US operations and over 120 staff. Malach has acted as a third-party manufacturing partner of Delta 9’s Grow Pods in the Canadian market and has capacity to provide a “Made in USA” solution for US based Delta 9 Grow Pod customers. 
    The Grow Pods provide a number of benefits versus traditional open warehouse or green house cultivation operations, namely; 
    • The Grow Pods provide a high level of control over the growing environment for variables such as light intensity and spectrum, temperature, humidity, etc. contributing to higher quality agricultural products;
    • The ability to customize the growing environment for each genetic variety of crop, maximizing the quality and yield;
    • The Grow Pods provide an attractive return on invested capital for cash crops;
    • The modular format and controlled environment minimize the risk of contamination from plant diseases or pests; and
    • The modular format minimizes the risk of materially significant crop loss.
  • D
    Dan
    Who seen this coming?
  • K
    KD
    @Dan why do you follow this stock? Do you own shares? Are you shorting it? I can't imagine how many hours you have spent on this one msg board... kind of feel sorry for you
  • B
    Blank
    Did this company start as a school project?
  • S
    Shawn
    News report from today discussing the boom of retail cannabis stores this year in Winnipeg Manitoba. To be fair, it’s kind of Canopy Growths fault, they own Tweed and Tokyo Smoke along with a couple of other retailers. They tried jam packing the city with stores to snuff competition. Problem with that is no one wants their overpriced products. Could see Delta 9 acquiring other stores set up by struggling retailers in this environment.

    https://www.google.ca/amp/s/www.cbc.ca/amp/1.6268641
    After a dramatic increase in the number of cannabis stores in Winnipeg over the last year, a new report asks city councillors to consider limiting where new ones can open.
    After a dramatic increase in the number of cannabis stores in Winnipeg over the last year, a new report asks city councillors to consider limiting where new ones can open.
    www.google.ca
  • K
    Ken Martin
    Stay positive longs

    Financial Highlights for the three-month period ending September 30, 2021

    Net revenue of $15.2 million for the third quarter of 2021, an increase of 16%, from $13.1 million for the same quarter last year.

    Gross profit of $4.8 million for the third quarter of 2021, an increase of 55%, from $3.1 million for the same quarter last year.

    Net loss from operations of $(55,031) for the third quarter of 2021 versus a loss from operations of $(4,578,729) for the same quarter last year.

    Adjusted EBITDA of $191,056 for the third quarter of 2021 versus an adjusted EBITDA of $210,756 million for the same quarter last year.
  • D
    Dylan
    I'm pretty disappointed in the revenue, before guidance I was expecting closer to $20mil. I am happy they didn't write down a ton like this quarter last year.

    Debentures are the major hurdle to the growth of the share price. I imagine some refinancing will happen in the next few months. Once that happens we should see major improvement. Delta 9 has a ton of potential, we just need to wait out the next 6ish months I imagine.
  • D
    Dan
    There is your Volume Ken...
    As I told you, ONLY on Drops will you see volume.
  • D
    Dan
    Don't be a keyboard Warrior!
    Just agree with him.
  • Y
    Yahoo Finance Insights
    DN.TO reached a 52 Week low at 0.36
  • N
    Nelson
    Earning are out
  • K
    Ken Martin
    Financial Highlights for the three-month period ending September 30, 2021

    Net revenue of $15.2 million for the third quarter of 2021, an increase of 16%, from $13.1 million for the same quarter last year.

    Gross profit of $4.8 million for the third quarter of 2021, an increase of 55%, from $3.1 million for the same quarter last year.

    Net loss from operations of $(55,031) for the third quarter of 2021 versus a loss from operations of $(4,578,729) for the same quarter last year.

    Adjusted EBITDA of $191,056 for the third quarter of 2021 versus an adjusted EBITDA of $210,756 million for the same quarter last year.
  • U
    UncleLuc
    What news we want for Q4 guys?