GREY:CAAOF - Post by User
Comment by
Canuck21Con May 29, 2019 11:09am
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Post# 29781546
RE:RE:Revenue
RE:RE:Revenue These are hardly "conservatively estimated" revenues. These figures came from the corporate presentation published in April. All revenues are contigent on completing the LOI and definitive agreements which has not happened to date. They also rely on assumptions from cultivation, manufacturing, and retail sources. The retail assumption alone is hugely suspect. 25 stores @ 2.5M sales each for 2019? Currently they have one store in Denver and I would be surprised if they achieved this annual sum since it is way above the national average. Instead of relying on the "conservative" $62.5M retail estimate, I would mark that category down in the single digits.