OTCQX:CNXXF - Post by User
Comment by
icanninveston Oct 17, 2018 7:55pm
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Post# 28823427
RE:Cannex Undervalued
RE:Cannex Undervalued Poffo99 wrote: https://www.cantechletter.com/2018/10/cannex-is-significantly-undervalued-says-beacon-securities/
I assume these projetions assumed Jetty would close? Projected revenue jumps to $19M in 2019, and then $27.4M in 2020. Given that 2018 revenue will come in around 2018....how is this possible with the NWCS asset alone? NWCS owns a decent chunk of market share in a mature rec state. There's no way they can double revenue YoY two years in a row. Q1-2019 revenue was $3.4M which is a run rate of roughly $13.5M. That 30% shy of the projected 2019 revenue, and roughly 50% shy of the 2020 projection. I strongly doubt NWCS alone can make up those gaps.
This article must assume Jetty would close. And is no longer applicable, as a result.