DLTNF (Delta 9 Cannabis) 6-Month Share Buyback Ratio : 0.00% (As of Mar. 2024 )

View and export this data going back to 2016. Start your Free Trial

What is Delta 9 Cannabis 6-Month Share Buyback Ratio?

Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.

6-Month Share Buyback Ratio measures the proportion of a company's outstanding shares repurchased over the past six months, calculated as the percentage change in shares outstanding from two quarters ago to the current quarter. A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance. Delta 9 Cannabis's current 6-Month Share Buyback Ratio was 0.00%.

Competitive Comparison of Delta 9 Cannabis's 6-Month Share Buyback Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Delta 9 Cannabis's 6-Month Share Buyback Ratio, along with its competitors' market caps and 6-Month Share Buyback Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Delta 9 Cannabis's 6-Month Share Buyback Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Delta 9 Cannabis's 6-Month Share Buyback Ratio distribution charts can be found below:

* The bar in red indicates where Delta 9 Cannabis's 6-Month Share Buyback Ratio falls into.

Save Embed

;

Save Embed

;

Delta 9 Cannabis 6-Month Share Buyback Ratio Calculation

Delta 9 Cannabis's 6-Month Share Buyback Ratio for the quarter that ended in Mar. 2024 is calculated as

6-Month Share Buyback Ratio	=	(Shares Outstanding (EOP) (Sep. 2023 )	-	Shares Outstanding (EOP) (Mar. 2024 ))	/	Shares Outstanding (EOP) (Sep. 2023 )
	=	(174.809	-	257.372)	/	174.809
	=	-47.23%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Delta 9 Cannabis (OTCPK:DLTNF) 6-Month Share Buyback Ratio Explanation

A positive ratio may indicates share buybacks over the period, while a zero or negative ratio suggests no buybacks or potential share issuance.

Be Aware

Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.

Delta 9 Cannabis 6-Month Share Buyback Ratio Related Terms

Delta 9 Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (OTCPK:DLTNF) » Definitions » 6-Month Share Buyback Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand. Its reportable segments are Wholesale Cannabis, Retail Cannabis and Merchandise and Devices, and Business Business. It generates the majority of its revenue from the Retail Cannabis and Merchandise and Devices segment.