Future European 2020/21 Revenue RavenQuest JV looks to produce 35,000 kilos in Europe according to the Norway News release.
RQB’s share is half. Medical cannabis currently commands at least 7 euros per gram (about $10 cdn). That’s $175,000,000 top line from Europe added to the $60,000,000 coming from Canadian facilities equals $235,000,000 cdn revenue.
Apply a conservative 5X sales multiple and divide by 116,000,000 shares that’s a $10 stock.
The multiple would still be attractive at 200,000,000 shares fully diluted.