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Bullboard - Stock Discussion Forum 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... see more

CSE:CRZ - Post Discussion

CannaRoyalty Corp > CRZ President says they aim to generate the most revenue
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Post by oiljack14 on Oct 02, 2018 9:48am

CRZ President says they aim to generate the most revenue

CRZ says they can be the top MJ revenue company period. "We are aiming to be the cannabis revenue run rate leader in this industry [...] thats something that we see as an achievable milestone given where we are right now and given our plans and ambitions and our financing and our capital resources." https://www.fool.ca/interview-with-afzal-hasan-president-of-cannaroyalty/
Comment by BiggLebowski on Oct 02, 2018 12:00pm
They aren't backing off the projected 100 million run rate exiting 2018, music to my ears. Its hard to figure out what valuation CRZ will have once they hit this goal but It could be multiples higher than todays price. A comparable we could use is Trulieve, newly listed company that operates in Florida. They are projecting 100 million revenue for 2018 ( actual sales not run rate ) so its in ...more  
Comment by investalot23 on Oct 02, 2018 1:43pm
how do you get 100M? i think its around 65M fully diluted
Comment by investalot23 on Oct 02, 2018 1:47pm
according to aug report Capital Structure 53.7M Shares Outstanding 71.1M Fully Diluted Shares
Comment by stockvet on Oct 02, 2018 1:59pm
You just have to look at the CSE and you will see 83m currently. Add a few millions for 180 Smoke. He was rounding up for the sake of simplicity and for future considerations no doubt.
Comment by BiggLebowski on Oct 02, 2018 2:18pm
The 100 million I was refering to was Trulieve share count to aproximate their market cap in order to compare with crz. Numbers were just quick for quick reference, crz fully diluted market cap at 500 million may be a little low.
Comment by Benedictus on Oct 02, 2018 12:35pm
oiljack, thanks for posting that interview. I've pasted a couple of key snippets on why this mgt is so shareholder friendly and will make crz something to behold! very happy to be long here! But we haven’t been out there trying to raise a war chest. And that’s because of our fundamental belief that our company is undervalued, and when you’re in that type of a position, you don’t want to be ...more  
Comment by BiggLebowski on Oct 02, 2018 1:01pm
I love listening to Afzal Hasan speak, what a great interview. He explains the business plan in a such a clear and concise manner.  Top notch management team without a doubt.
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