Insider Selling: Delta 9 Cannabis Inc (CVE:NINE) Director Sells 145,000 Shares of Stock

Delta 9 Cannabis Inc (CVE:NINE – Get Rating) Director John William (John) Arbuthnot Iv sold 145,000 shares of the business’s stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of C$0.28, for a total value of C$40,600.00. Following the completion of the sale, the director now directly owns 16,982,450 shares in the company, valued at approximately C$4,755,086.

John William (John) Arbuthnot Iv also recently made the following trade(s):

• On Tuesday, May 31st, John William (John) Arbuthnot Iv bought 70,000 shares of Delta 9 Cannabis stock. The stock was purchased at an average cost of C$0.25 per share, for a total transaction of C$17,500.00.
• On Wednesday, May 25th, John William (John) Arbuthnot Iv sold 325,000 shares of Delta 9 Cannabis stock. The shares were sold at an average price of C$0.24, for a total value of C$76,375.00.
• On Friday, May 20th, John William (John) Arbuthnot Iv bought 45,000 shares of Delta 9 Cannabis stock. The stock was purchased at an average cost of C$0.25 per share, for a total transaction of C$11,250.00.
• On Wednesday, May 18th, John William (John) Arbuthnot Iv bought 34,000 shares of Delta 9 Cannabis stock. The stock was purchased at an average cost of C$0.25 per share, for a total transaction of C$8,500.00.
• On Monday, May 9th, John William (John) Arbuthnot Iv sold 75,000 shares of Delta 9 Cannabis stock. The shares were sold at an average price of C$0.24, for a total value of C$17,625.00.
• On Friday, May 6th, John William (John) Arbuthnot Iv sold 156,000 shares of Delta 9 Cannabis stock. The stock was sold at an average price of C$0.26, for a total value of C$40,560.00.
• On Tuesday, May 3rd, John William (John) Arbuthnot Iv sold 128,000 shares of Delta 9 Cannabis stock. The stock was sold at an average price of C$0.27, for a total value of C$34,560.00.
• On Thursday, March 31st, John William (John) Arbuthnot Iv acquired 144,750 shares of Delta 9 Cannabis stock. The shares were bought at an average cost of C$0.28 per share, for a total transaction of C$40,530.00.

Shares of Delta 9 Cannabis stock traded up C$0.03 during trading hours on Thursday, reaching C$1.03. 68,728 shares of the company were exchanged, compared to its average volume of 117,300. Delta 9 Cannabis Inc has a 1 year low of C$0.92 and a 1 year high of C$2.35. The stock’s fifty day moving average is C$1.03 and its 200 day moving average is C$1.03. The company has a debt-to-equity ratio of 33.00, a quick ratio of 2.04 and a current ratio of 4.44. The firm has a market cap of C$89.36 million and a PE ratio of 19.07.

About Delta 9 Cannabis (Get Rating)

Delta 9 Cannabis Inc operates as an integrated cannabis company. The company, through its subsidiary, Delta 9 Bio-Tech Inc, engages in the production of medical marijuana. It primarily provides cannabis strains, as well as start-up materials and support services, including genetics (plants), grow pods, and consulting services to new and existing licensed producers.

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