Delta 9 Cannabis Inc (CVE:NINE) Director Sells C$35,000.00 in Stock

Delta 9 Cannabis Inc (CVE:NINE) Director John William (John) Arbuthnot Iv sold 1,750,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of C$0.02, for a total transaction of C$35,000.00.

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

• On Thursday, April 18th, John William (John) Arbuthnot Iv purchased 250,000 shares of Delta 9 Cannabis stock. The shares were bought at an average cost of C$0.03 per share, for a total transaction of C$6,250.00.

Delta 9 Cannabis Stock Performance

CVE:NINE opened at C$1.03 on Friday. The company has a quick ratio of 2.04, a current ratio of 4.44 and a debt-to-equity ratio of 33.00. The company has a market cap of C$89.36 million and a P/E ratio of 19.07. Delta 9 Cannabis Inc has a fifty-two week low of C$0.92 and a fifty-two week high of C$2.35. The firm’s 50 day moving average is C$1.03 and its two-hundred day moving average is C$1.03.

About Delta 9 Cannabis

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.