Post by
CanadianWhiskey on Nov 27, 2018 8:38am
Price target?
Where do you guys/gals see TBP in 2-3 years if everything goes according to plan? Pharma has such an upside with high margins and is generally viewed as recession proof.
Comment by
jackthebear1 on Nov 27, 2018 9:01am
To answer that question just look at GW pharmas price history and that should give you an idea of the potential.
Comment by
CanadianWhiskey on Nov 28, 2018 8:17am
GW Pharma has 32 million shares outstanding and TBP has 155 million so I hope you're not expecting to see 120 USD per share any time soon.
Comment by
1mattman on Nov 28, 2018 8:28am
If comparable, it’d be $25 USD, but we are not there yet. We are at a buck Canadian and that’s what the market has decided. I’ve traded many stocks but have yet to trade this one. I’ve owned it for two years. I’m a believer for sure. Best of luck!
Comment by
1mattman on Nov 28, 2018 10:15am
Another difference is, GW is a British company trading on the Nasdaq index and TBP is Canadian trading on the TSX Venture. It does make a difference. TBP will rise to the top but it’ll take time.
Comment by
Sweeetydi on Nov 28, 2018 10:45am
Hopefully they rely on organic growth, and don’t do any reverse splits to earn that Nasdaq entry SP.
Comment by
jackthebear1 on Nov 28, 2018 11:04am
I would prefer Toronto then New York like Aphria.
Comment by
CanadianWhiskey on Nov 28, 2018 10:29pm
I think the extra exposure from a US exchange is good but it can be a double edge sword. Maybe in the future when we're proved a little more. It is a very exciting thing to part of so early :)
Comment by
CanadianWhiskey on Nov 29, 2018 11:40am
Wow! Thanks for the insightful post.