Insider Buying: Delta 9 Cannabis Inc (CVE:NINE) Director Buys 208,000 Shares of Stock

Delta 9 Cannabis Inc (CVE:NINE – Get Rating) Director John William (John) Arbuthnot Iv bought 208,000 shares of Delta 9 Cannabis stock in a transaction on Tuesday, February 15th. The shares were bought at an average cost of C$0.28 per share, with a total value of C$58,240.00. Following the acquisition, the director now directly owns 17,088,450 shares in the company, valued at C$4,784,766.

Shares of CVE NINE traded up C$0.03 during midday trading on Thursday, hitting C$1.03. 68,728 shares of the company’s stock were exchanged, compared to its average volume of 117,300. Delta 9 Cannabis Inc has a 12-month low of C$0.92 and a 12-month high of C$2.35. The company has a current ratio of 4.44, a quick ratio of 2.04 and a debt-to-equity ratio of 33.00. The company has a market cap of C$89.36 million and a price-to-earnings ratio of 19.07. The business’s fifty day moving average price is C$1.03 and its two-hundred day moving average price is C$1.03.

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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