RE:RE:RE:RE:Serious question for the longsYou didnt answer the question. What ratio should be used to determine the stock price. 1 times sales? 20 times P/E?
Greenshooes wrote: I’m long and I think to get the sales they need, say .5 billion - 1.5 billion, beverages provide a unique opportunity compared to edibles because of thc levels. I believe in all markets, the highest thc level accepted by the public is 10%, right in line with the beverages Hexo/Molson is bringing out. It was reported on BNN that it will take a total of 7-10 years for health Canada to fully take over the black market. I’m betting the legal market won’t do spectacular on edibles with low thc levels and little to no advertising. Sales moving forward with Hexo reporting April 30th is where it is at for me and through the year 2020.