RE:Valuation - VFF Raymond Sarugaser asks and answers the question, “Where Do We Go From Here?” He says that the market values cannabis companies based on multiples of revenue. He says that the recent 55% run has helped close the valuation gap, but it’s, “certainly not enough to entirely eliminate the wide asymmetry that existed.” Village now trades at 5.9 times 2021 and 3.4 times 2022 EV/Revenue, which is roughly a 25% discount to peers.
ok!?! 6x 2021 revenue (still 25% discount) - fire projecting 61 mil rev 2021.
366 mil Val - 35mil (net debt) - / 628mil shares out (if all debentures converted to shares) -
.53 cents valuation TODAY!
where are these analysts to upgrade fire when we had the huge achievement of ebita positive, and projecting that going forward.
Relative to the garbage of TGOD alone we should be triple this price,
makes no sense.