GREY:YSSCF - Post by User
Post by
DarrenYaToJumpon Mar 06, 2019 1:05pm
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Post# 29450453
Competition Outlook (Stores)
Competition Outlook (Stores)Fire & Flower (FAF) - 11 stores operational and 9 more only selling accesories at the moment.
Share Price - $1.17-$1.54
Total Shares Out - 100 Million
National Access Cannabis (META) - 23 stores operational and 100s in the works.
Share Price - $0.63-$1.09
Total Shares Out - 184 Million
Nova Cannabis (CLIQ) Alcanna - 5 stores operational. Partially owned by Aurora Cannabis.
Share Price - $4.95-9.64 (price is high because of the liquor stores in BC and AB too.
Total Shares Out - 37 million
Spiritleaf (ISH) - 4 stores operational and 35 coming soon.
Share Price - $0.20-0.26
Total Shares Out - 193 Million
Canna Cabana (HITI) High Tide - 4 stores operational and 21 coming soon. Partially owned by Aurora Cannabis.
Share Price - $0.40-$0.58
Total Shares Out - 188 Million
Solo Growth Corp (SOLO) - 0 stores open. 3 completed and awaiting for AGLC lift on the suspension. All three locations are along a small stretch of highway. Lloydminster, Vemilion, and Vegreville are all located on Trans Canada Highway 16 between Edmonton and Saskatoon. The stetch of highway goes as far west as Prince Rupert - Prince George, BC - Jasper, AB - to Winnipeg to Ontario. It is a logistical strategy to start off SOLO when they become operational.
Estimated Share Price when the first 3 stores open - $0.14. The intital spike in the news may bring the price to around $0.22. The price will correct itself and will be slightly lower compared to the competition initially due to the amount of shares they have outstanding (this dilutes the valuation a bit). Compared to competitors, SOLO has nearly 3 to 6 times more shares out.
Shares Out - 670 million
I hope this little part of a fundamental analysis helps. In three years or less SOLO will be trading above $1.00. This is a very conservative estimate, as SOLO has the potential to switch currently operational liquor stores into cannabis stores within weeks. This alone gives them a strong advantage over most of their competition.