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Flower One Holdings Inc FLOOF

Healthcare Cannabis
Flower One Holdings Inc. is a Canada-based cannabis cultivation, production, licensing, and wholesale company. The Company produces a range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including pre-rolls, concentrates, edibles, topicals, and other brands in cannabis. It offers cannabis brands such as Cookies, Kiva, Old Pal, Heavy Hitters, Lift Ticket’s, HUXTON, and its in-house brand, NLVO, and more. The Company, through its subsidiaries, holds a range of investments such as commercial-scale cannabis greenhouse, cannabis production facility, indoor cultivation facility and a fully licensed commercial kitchen space, located in North Las Vegas, Nevada. Its subsidiaries include Flower One Corp., FO Labour Management Ltd., Cana Nevada Corp., CN Labor Management, Inc., CN License Co I, Inc., CN License Co III, Inc, North Las Vegas Equipment Co., Inc, North Las Vegas Equipment Co. III, Inc. and North Las Vegas Services, Inc.


GREY:FLOOF - Post by User

Flower One Holdings Inc > Eight Capital - Initiated Coverage Today
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Comment by Barney77on Nov 08, 2018 12:13am
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Post# 28941735

RE:RE:Eight Capital - Initiated Coverage Today

RE:RE:Eight Capital - Initiated Coverage TodayPacificFund - thanks for posting

Very good summary of the company in the research report

Exactly what I was wondering....

"We are BUY rated on FONE with a target price of C$3.00 based on 6x our 2020E EBITDA of $82 MM. FONE currently trades at 3.4x CY2020E EBITDA vs. US peers at 12.4x 2020E EBITDA and our Canadian coverage universe average at 21.4x. Our target setting multiple is on the lower end of our coverage universe range of 8x - 12x due to FONE's early stage in terms of construction and scale."

6X 2020E EBITA because they are early on. Makes some sense they aren't sticking their neck out until FONE can deliver on production. As FONE delivers, makes sense the share price will come in line with their peers at 10-20 X EBITDA. I count myself lucky to be buying at 3.4X..... 

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