Based on some financial ratios..just few assumptions for funAssuming 48North get 40,000 kg gr of cannabis with net earnings of 4.00$ per gr by the end of December 2019.....this is equivalent of 160M$ (total earnings) and it represents an EPS of almost 1.00$ per share.
in addition, if we use various P/E ratio between 5 and 10 ...this represents a share value between 5,00$ and 10$....
Currently, the shares are listed at 0.57$ on the market.
I know we have to consider many factors..such as potential sales, hidden costs , competition, the production of future years and so on.. however, I am only trying to say that the current market share value is presently 10 to 20 times less that it could be in near future. The potential could be great.
read an article regarding P/E ratio of cannabis CO’s.
https://www.fool.com/investing/2019/05/20/3-marijuana-stocks-with-forward-pe-ratios-under-20.aspx