Hello Investment Community,
I am a shareholder of CROP and I think its important that fellow shareholders or people looking at CROP right now have a clear understanding of why CROP is so attractive at its current price of .22 cents a share.
So CROP is currently around a 35 M dollar market cap. The companies tenants which CROP has a 49% interest in has orders for CBD Isolate of 188 M CAD which would come from the harvest and extraction of its Hemp CBD operation in Nevada.
They also have projects in production in Washington State and California which is expected to start generating revenue every month.
The company has recently put out news about enterting the Oklahoma market which would put CROP in 4 states.
So lets assume CROP delivers on these contracts and they make 49% of 188 M CAD, that is 94 M CAD. I can only guess what the net revenue of that would be but lets assume its just 50 M. What are all these other MMJ revenue companies trading at multiples times earnings 10, 20, 30 times + earnings.
CROP Is expecting to sell 6 M worth of CBD in Sept 2019 on the 1/3 of its monthly 18 M CAD contract and 20 M CAD in Nov, 2019 starting its potential 170 M CAD contract for 7 months.
Some investors like myself in the past are happy with 25 - 30 % gains in a year from a bluechip.
So if CROP does in fact star making those revenues in Q3 - Q4 and we see this kind of revenue in the financials, what is the comnpany worth ?
Welll we can all certinly write on a napkin and jump to any number of conclusions but if they do infact make 50 M net CAD and only traded at 10 X earnings.. Should we all consider looking at CROP at 35 M market cap or even 100 M or 250 M ?
Have they finished acquirng projets , dispensaries and IP ? Well the company has been very active since inception and I doubt it.
I honestly people CROP is the most undervalued stock in its sector.
Go look up all the info yourselves, its all there, in FINE print.
I am LONG on CROP and very excited about my future.