RE:PUF & MYMGood question, here are my thoughts.
Prior to today, there was much speculation that MYM had majority say in Solaris. However the news releases today proved that PUF has the same stake as MYM.
PUF and MYM both have upcoming cultivation licenses, PUF in Ontario and MYM in Quebec. There are only a few licenses so far in Quebec, so this could drive more of a slight premium. MYM also has plans for next year for Weedon site, that would provide more growing capacity.
MYM market cap sits at 450 million
PUF sits at 115 million
For future potential and tapping into the Australian market with the license approved for both companies, both will climb up in sp.
Given that MYM has the future potential of the Weedon site, I would place PUF at 2/3 the value of MYM currently. Given the value of the stock to market cap right now in consideration of Australia, both theses stocks should climb nicely. Putting PUF at 2/3 of today MYM price would garner a sp for PUF of $3.18 minimum, putting the market cap around 240 million.
PUF currently has a very low float around 45 million shares while MYM sits around 81 Million shares.
Both will rise up, PUF is sleeping giant on a very fast track to dominate Australia.
Insighttickler wrote: Can anyone explain to me why MYM is valued 7 times or any higher than PUF when PUF has their hands in more ventures and owns the same on the aussie project? thanks!