Bullboard - Stock Discussion Forum Slang Worldwide Inc SLGWF

Primary Symbol: C.SLNG

Healthcare

SLANG Worldwide Inc. is a Canada-based cannabis consumer packaged goods company with a portfolio of various brands. The Company owns, licenses and/or markets five brands, which serve three categories: flower, inhalable concentrates and ingestible. Its portfolio consists of three distinct consumer packaged goods (CPG) brands, one retail brand and a product portfolio of 30 stock keeping units... see more

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Slang Worldwide Inc > RE:Updated Share Price Targets ($0.40-$0.50)

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Post by happyascanbe on Sep 04, 2020 5:05pm

RE:Updated Share Price Targets ($0.40-$0.50)

Although $0.40-$0.50 seems a ways away these analysts will all be increasing these share price targets materially IMO.

With forecasted revenue of $50.5 million in 2021, and a very conservative revenue multiple of 5x should give the company a market cap of about $250 million, which translates to about $0.75/share conservatively. Most cannabis companies are trading at higher revenue multiples than this, so getting to $1+ is not out of the question.

Projected 2021 EBITDA of $8.4 is also very solid.

IMO.

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Comment by Seleucus on Sep 08, 2020 9:24am

I think the $50.5 million revenue in 2021 is achievable. In the last quarterly filing, they had $10+ million in the network. The network they plan to consolidate by Q4 2020.

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Slang Worldwide Inc