Reposting Investor info - For FlyNotSoBright Investor Research Articles - Sunniva
Canopy of Cali
SNN - New Listing January 11th, 2018
Saw this on the facebook forum so sharing here - there is now a facebook group for this one company which is exciting - I think this is hands down the best MJ investment I am aware of right now. This company is in the two largest legal markets – BC and California. California is definitely huge , contains the population close to Canada in an area that is driveable in one day.
https://www.youtube.com/watch?v=RHEwP9nk23k&feature=youtu.be
Share Structure is tight
Common Shares Outstanding - 26,636,071
Warrants 2,097,469
Options 4,245,000
Convertible Notes - 4,019,666
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Fully Diluted Shares Outstanding = 36,998,206
The company is well capitalized, generated 10.2 million in revenue over last 9 months with their clinics and likely won’t need to dilute shares – they have 8.9 million shares are held in escrow for 3 years. Management is putting their own money into this project and showing a long-term view by locking up shares.
https://www.sunniva.com/sunniva-inc-announces-third-quarter-financial-results/
Webpage includes live feed to the construction of the Cali greenhouse showing that is well underway to be completed and growing by q3. There are two facilities, one in BC and one in Cali. BC construction is just starting in q2.
https://www.sunniva.com/sunniva-campus-construction-progress/
BC facility is to be built in Oliver BC by a winery owner. Below is a global news report.
https://globalnews.ca/news/3968631/massive-pot-production-facility-proposed-near-oliver-would-be-largest-in-b-c/
Between the two sites they have growing capacity of 225,000kg of MJ which wil put them right in the top 5 producers on par with Alphira. The difference is this still has an immediate significant upside to fair value of $47 and long term up production value of $144 / share (9x)
Here is a recent Analyst coverage showing this as a buy with a current fair value off $47 & a comparable valuation range of $59.87 to $144.11 a share. (see page 1 & 25 of analyst report)
https://www.baystreet.ca/articles/research_reports/fundamental_research/Sunniva-Jan-2018.pdf
Below is a seeking alpha article, a other news articles with some more information for investors.
https://seekingalpha.com/article/4136527-sunniva-leading-worlds-two-largest-legal-cannabis-markets
https://www.castanet.net/edition/news-story-216672-21-.htm
https://infotel.ca/newsitem/cannabis-growing-facility-could-provide-a-big-boost-to-south-okanagan-economy/it49591
https://www.castanet.net/news/Penticton/216762/Pot-curriculum-at-college
In their Jan 3 news release, they said: "finalizing wholesale supply agreements related to the production capacity from each of those facilities".
This stock listed January 11th – they are well capitalized and well on their way. The stock has a very tight float, a multi billion-dollar business at the ground level.
https://www.sunniva.com/wp-content/uploads/2018/01/VERSION-2-Sunniva-Corporate-Presentation-January-23-2018.pdf
New Alternative Harvest US ETFs are taking notice of this new listing soon
https://www.nationalpost.com/junior+marijuana+offers+investors+rare+exposure+businesses/16734290/story.html
https://www.cantechletter.com/2018/01/new-horizons-marijuana-etf-could-increase-liquidity-for-these-pot-stocks-beacon/
https://www.theglobeandmail.com/globe-investor/funds-and-etfs/etfs/us-marijuana-etf-soars-as-investors-look-for-easy-entry-to-sector/article37486359/