RE:RE:100M for a market capNedStark wrote: Agreed. A $100 million market cap is more than reasonable for the way that the market is valuing marijuana companies. Just look at some of the main Canadian LP valuations (quickly just sourced from Google Finance, which doesn't always have the up-to-date fully diluted share counts):
Canopy Growth Corp - $1.55 Billion
Aphria - $825 million
Aurora - $841 million
Emblem - $195 million
Supreme - $269 million
Organigram - $277 million
And all of these valuations are being given to companies who operate in a market that had less than $300 million in TOTAL marijuana sales in 2016. Plus, there are a bunch of other small LPs or PLI's thrown into the mix.
Tinley is being valued at less than $25 million right now in a market that is 9 or 10 times bigger than the Canadian market. Sales last year in California were just under $2.8 billion. WAYYYYY bigger than in Canada. Plus, Tinley is a unique company with first mover advantage in the CBD/THC beverage market. Canopy Growth Corp stormed its way to the top of the growing industry because they were the first public marijuana producer...and they didn't even have first mover advantage (there were already growers established in the industry before them - they just had quicker access to capital since they were public, and therefore could expand much more rapidly). Tinley is not only the first "marijuana beverage" company to be publicly traded, but they are also a pioneer/first mover.
If you want to see a quick breakdown of the long-term potential for Tinley, here is an old post that I did looking at some of the numbers:
https://www.stockhouse.com/companies/bullboard/c.tny/the-tinley-beverage-company-inc?postid=26049969