RE:None of these weed companies are valued properly!Zhantao wrote: The marijuana sector is not valued properly at all. The valuations and market caps are all over the place when comparing to each other, and none of them make sense. So for anyone who thinks "x" company is a good buy, nobody reallly knows!
For instance:
MMJ in the 0.40's, no license yet but coming. 10,000 square foot facility
FFT in the 0.70's, less shares outstanding, THREE licences... far below it's 52 week high of $2+
MYM in the $2+ range, less shares outstanding, yet no license yet,
CANN, 0.60's range, no license, less shares outstanding, 15,000 facility and still expanding, and possible 3 million square foot facility next year
CHV, in the 0.40's range, HAS LICENSE.
etc. etc.
these are just a few examples that come to mind, if you look into more companies and do comparisons, none of it is justified and nobody really knows what's a good deal, what's not, what's valued properly and what's not.
Just the four examples above, it just doesn't make sense. Why is CANN "only" 20 cents higher (and again with way less shares outstanding) when they are further ahead? Why is MYM in the $2 range (and market cap considered too) when there's no license yet? Why is CHV only in the .40's range WITH a license? Why is FFT only in the 0.70's with THREE licenses?
None of this is right, and perhaps, MMJ might be grossly overvalued, or, a bunch of other companies are grossly undervalued
Why Didn't you use Market caps then over SP lol