Topic: How To Invest

Q: Please, could you do an analysis of Delta 9 Cannabis? Thanks.

Article Excerpt

A: Delta 9 Cannabis Inc., $1.53, symbol NINE on the TSX Venture Exchange (Shares Outstanding: 85.7 million; Market cap: $131.1 million; www.delta9.ca) produces and sells cannabis and cannabis-based products for the medical and recreational cannabis markets. The company also manufactures and sells modular grow-op pods. Delta 9’s growing, manufacturing, and retail operations are based in Winnipeg, Manitoba. Delta 9 was founded in 2012 and obtained a license to distribute medical cannabis in 2014. The company’s shares began trading on the Toronto Venture exchange in November 2017 at $0.65 each. The cannabis producer is one of only four suppliers to be awarded licenses to operate retail marijuana stores in Manitoba. The company opened its first location in Winnipeg in October 2018, in partnership with Canopy Growth (symbol WEED on Toronto). It plans to have 20 retail stores operating in the province by 2021. As an alternative revenue stream, Delta 9 sells and services its exclusive Grow Pod system. Grow pods are a stackable hydroponic…