Cannex Capital Holdings Inc. - Ordinary Shares C.CNNX

RE:RE:Cannex Undervalued

[Chris2982]

Without jetty these numbers would definitely be difficult or impossible to hit. If we compare June-aug 2018-2017 nwcs did 7.16 mil in 2017 and 12.34 mil in 2018. It’s hard to say how much sales volume increased in that time though since they sell a mix of flower and derivatives but if we use the y/y price decline of 40% that the analyst used in the article then it’s safe to say they at least doubled their sales in that time. They’re definitely doing a great job in increasing market share. How they do in the next year or two will depend largely on what happens to the wholesale price of marijuana as well as consumer demand for derivatives which have a higher margin. The price per gram will bottom out and recover eventually it’s just a matter of when.

one thing I have been wondering about is whether or not to include 7points sales figures when evaluating them. They’ve said that all the profits from nwcs make their way to cannex but never really mention 7point even though they lease That state of the art production facility that opened this year. If so then 7point is doing about 1 million a month in revenue so it would add a meaningful amount to the total revenue being generated

This is also assuming that they make make zero acquisitions in the next 1-2 years which hopefully won’t be the case