Delta 9 Cannabis Inc

Company Profile

Delta 9 Cannabis Inc had its IPO on under the ticker symbol DLTNF.

The company operates in the Healthcare sector and Drug Manufacturers-Specialty & Generic industry. Delta 9 Cannabis Inc has a staff strength of 202 employees.

Stock update

Shares of Delta 9 Cannabis Inc opened at $0.04 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.04 - $0.04, and closed at $0.04.

This is a +4.05% increase from the previous day's closing price.

A total volume of 5,675 shares were traded at the close of the day’s session.

In the last one week, shares of Delta 9 Cannabis Inc have increased by +10%.

Delta 9 Cannabis Inc's Key Ratios

Delta 9 Cannabis Inc has a market cap of $6.49 million, indicating a price to book ratio of 0.6846 and a price to sales ratio of 0.1342.

In the last 12-months Delta 9 Cannabis Inc’s revenue was $67.65 million with a gross profit of $17.32 million and an EBITDA of $-12308019. The EBITDA ratio measures Delta 9 Cannabis Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Delta 9 Cannabis Inc’s operating margin was -27.3% while its return on assets stood at -11.88% with a return of equity of -194.35%.

In Q1, Delta 9 Cannabis Inc’s quarterly earnings growth was a positive 100% while revenue growth was a positive 35.4%.

Delta 9 Cannabis Inc’s PE and PEG Ratio

Forward PE

29.7619

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.15 per share while it has a forward price to earnings multiple of 29.7619 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Delta 9 Cannabis Inc’s profitability.

Delta 9 Cannabis Inc stock is trading at a EV to sales ratio of 0.8695 and a EV to EBITDA ratio of -6.4714. Its price to sales ratio in the trailing 12-months stood at 0.1342.

Delta 9 Cannabis Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$87.44 million

Total Liabilities

$52.81 million

Operating Cash Flow

$0

Capital Expenditure

$546166

Dividend Payout Ratio

0%

Delta 9 Cannabis Inc ended 2024 with $87.44 million in total assets and $0 in total liabilities. Its intangible assets were valued at $87.44 million while shareholder equity stood at $4.43 million.

Delta 9 Cannabis Inc ended 2024 with $0 in deferred long-term liabilities, $52.81 million in other current liabilities, in common stock, $-57556898.00 in retained earnings and $14.20 million in goodwill. Its cash balance stood at $1.74 million and cash and short-term investments were $0. The company’s total short-term debt was $0 while long-term debt stood at $15.85 million.

Delta 9 Cannabis Inc’s total current assets stands at $26.80 million while long-term investments were $533333.00 and short-term investments were $0. Its net receivables were $2.10 million compared to accounts payable of $2.90 million and inventory worth $21.09 million.

In 2024, Delta 9 Cannabis Inc's operating cash flow was $0 while its capital expenditure stood at $546166.

Comparatively, Delta 9 Cannabis Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$0.04

52-Week High

$0.173

52-Week Low

$0.032

Analyst Target Price

$

Delta 9 Cannabis Inc stock is currently trading at $0.04 per share. It touched a 52-week high of $0.173 and a 52-week low of $0.173. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $0.04 and 200-day moving average was $0.05 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 3848% of the company’s stock are held by insiders while 0% are held by institutions.