Delta 9 Cannabis Inc. (DLTNF)

[BlueGreenPower]

Here's another thing I can't understand. There are many. The reigning king of cannabis Tilray reports earnings on Monday. Analysts are predicting Q4 revenues of 14.5M.

How exactly does that make Tilray's share price $72.50, and Delta 9's $1.26, especially when Delta 9 is guiding a 5-6M Q4. Even at the low end Delta 9's revenues are over a third of Tilray's Q4 analysts estimate.

If only revenues mattered Delta 9 should be trading at 1/3 Tilray's price. That would be 23.93 for anyone keeping score.

There are many variables. One big one is Tilray's float is about 1/4 the size of Delta's 9's, but even if you lower Delta 9's comparative revenue value by 75% it would still be trading at $5.98. IMO

How the market values stocks is still a mystery to me. Just things I think about on a rainy weekend. Should be a interesting Monday for cannabis stocks on the Tilray earnings reaction. Hope they beat the estimates. A rising tide lifts all boats. :) GLTA