RE:@ the obvious pumpers...Been watching this on the sideline, and have regretted not getting in at 0.06 when I first stumbled upon this gem last year.
But yes, agreed with your points Radar17. Thank you.
I feel this retrace from the 52 week high isn't finished. Not bashing, and yes I do want cheap shares.
radar17 wrote: here are the actual numbers that peg MMJ at a value of slightly less than 8 cents per share. Why don't you show us where you came up with $1 shares, the actual numbers that is...
Here's what the value of Matica works out to, by the numbers, and keep in mind, this is assuming they actually get a License and pass the inspection and somehow manage to successfully grow and sell a crop!!...
Facility sqftage ... 10,000
actual growing footage ... 10,000 - ???
annual yield for full 10,000 sqft ....... between 400 and 1000 kgs. On video interview MMJ Master Grower claims he can under ideal conditions grow up to 750 kg/ year.
Avg Cdn price/gram cannabis ... $6.79, Avg Quebec $5.88
cost per gram to grow after shipping and fulfillment ... probably between $1.80 and $2.20/gram if you compare to other much larger facilities
... https://www.reddit.com/r/weedstocks/comments/74xiov/lp_production_estimates_thread/
Matica's share of the play.... 65%
750,000 gms x $(6.79 - 2.00) x 0.65 = $2.35 million per year revenue - optimistically!
Matica shares out ...... 280,000,000 (the company's own last MD&A says 315,000,000 fully dluted - presumably gone up since then)
Revenues = under one cent per share, not counting whatever MMJ Management scoop into their own pockets.
Which, even with a generous earnings multiple (assuming its not actually negative) puts this well under a dime.