Delta 9 Cannabis (VRNDF) Receives a Hold from Canaccord Genuity

By Austin Angelo

Canaccord Genuity analyst Kimberly Hedlin maintained a Hold rating on Delta 9 Cannabis (VRNDFResearch Report) on May 15 and set a price target of C$0.60. The company’s shares closed last Friday at $0.34, close to its 52-week low of $0.22.

According to TipRanks.com, Hedlin is a 4-star analyst with an average return of 4.7% and a 42.6% success rate. Hedlin covers the Industrial Goods sector, focusing on stocks such as Decibel Cannabis Company, Khiron Life Sciences, and MediPharm Labs.

Delta 9 Cannabis has an analyst consensus of Hold, with a price target consensus of $0.43.

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Delta 9 Cannabis’ market cap is currently $30.29M and has a P/E ratio of 4.50. The company has a Price to Book ratio of 1.21.

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Delta 9 Cannabis, Inc. is a vertically integrated cannabis company, which engages in the production of medical and recreational cannabis products. Its products include kami mist, brooklyn sunrise, sesi star, and oil and sprays. The company was founded by John William Arbuthnot III and John William Arbuthnot IV in 2012 and is headquartered in Winnipeg, Canada.