OTCPK:SPLID - Post by User
Comment by
stockveton Nov 15, 2018 12:43pm
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Post# 28980793
RE:RE:The Wait is Killing Me
RE:RE:The Wait is Killing Me Agreed with those estimated figures, probably around 4-5 million and growing. At 20m per year we could easily be valued at 200m (10x revenue is typical multiplier for a booming industry) which would bring us back around 0.60$. Calyx is pretty big, but Origin House has the biggest distribution platform in California because of the merger of Alta Supply + Rivers Distribution, which they both acquired this year. Not sure where other private distributors rank, but Calyx is definitely very close if not runner up. They service pretty much just as many retail stores (450 and counting)!
mrmonopoly wrote: Agreed! I'm expecting a MINIMUM of $3.5M for the quarter. Optimistically closer to $5M.Unfortunately we won't see any FLI NorCal numbers in these figures so we won't have the full picture until the following quarter I think.
For a company with one of, if not THE largest distributor in California this company to me seems way undervalued.