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CannaRoyalty Corp C.CRZ

Origin House is a growing cannabis product and brands company operating across key markets in the U.S. and Canada. The company delivers over 130 branded cannabis products to the licensed dispensaries. It provides distribution, manufacturing, cultivation and marketing services for its brand partners. The company operates through two operating segments, The Corporate segment derives income from non-operating investment and The California Operations segment engaged in cultivation, manufacturing, an


CSE:CRZ - Post by User

Post by Benedictuson Dec 22, 2018 10:57pm
136 Views
Post# 29151256

technically speaking

technically speakingOH chart is at significant support in this 5.70 zone. The headwinds are the overall markets appear to be entering a bear market and the hedge funds are piled into the likes of WEED and any other bloated mj leader. As the big caps in the sector go, so will the small caps. I am still long and kicking myself for not lightening up at higher levels, so I had more capital for cheapies down here and possibly below. Current f/d market cap is over 400M and sales next year should be 100 - 125M (hopefully conservative numbers but mj sector has yet to see a recesssion in terms of margin pressures, so jury is still out), so we are sitting at fwd psr of 3.5 to 4ish, so its cheap compared to the sector leaders but not necessarily cheap for a distributor in a burgeoning sector in an overall bear market. If the market tanks, next major support is low 4's and then low 3's. I already have a good size position in OH so I'm just holding but it might be wise to put some outlandish bids just in case we get some fast furious down days that scare the hell out of everyone :)  I am still confident in this mgt team and the way they are executing. They are cashed up and even if the mj market takes a hit due to markets tanking, I believe Lustig would take full advantage of any valuation compression opportunities.
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