2023 Share Price ProjectionsBased on all the known data to date and assuming they will be able to fill ever increasing orders and using industry averages of projected revenue multiples we can estimate the share price. Most strong revenue generating pot stocks trade at 3 times revenues and all are not profitable at present.
Based on this companies presentation and when profitability will start, new regulation and all the up to date sales, market share and penetration data we can project sales and possible share price within 10%+- using industry averages.
First let me say the only way in my opinion they have been able to fill these ever increasing sales orders is because they are profitable. It's the only thing that makes sense if we look back at their last financials.
So based on industry averages and the present data we can project sales of 44+ million for 2023 with a share price at years end of $0.75 a return of 3700% ( if they can keep up with the orders ).
That is my lowest projected share price for years end of 2023, the premium added for a highly profitable company is unknown at this time.