Post by
Squashem on Dec 06, 2020 9:13am
Growth Story
Very is a growth play pure and simple.... Most investors are looking 2-3 Quarters out where will they be... Currently we know they are producing 11,000 lbs/wk... New Van plant they are opening mid to late Jan 2021 has the capability of doing 711k/wk... So let's say they start up and get plant running at 15% that's roughly 106k/wk plus the 11,000 they are doing now and with massive growth for all 2021 until they reach the 711k... Nevermind Cali's plant which should come on line 2nd half of 2021 at 500k/wk.... Also we know they have great demand for the product....So when looking at forward quarters VERY looks really cheap right now... The only thing that will derail this is they don't Execute the plan they have set out... Glta
Comment by
pystocker on Dec 06, 2020 9:21am
Cheap? Current market value is 800mil+, soon it'll be 1Bill, with ravenue in 2021 maybe 10mill. This price is very future looking. I entered back at 6.8 drop, but purly because of the hype.
Comment by
Squashem on Dec 06, 2020 9:31am
I think 10 mil for next yr is a little low where did you come up with that #.. If they hit 115k/wk buy Apr that leaves 36 wks and at a low of $10/IBS is roughly 35+ mil in sales... And this is with no more growth for rest of the yr.....
Comment by
veganvic on Dec 06, 2020 10:34am
Current annualized revenue is about $6M. With the growth in production next year from the Vancouver and then California facilities , annualized revenue in 2021 will be way more than 10M! ( note also that the Beyond data earlier in this thread is in USD, and VERY is in CAD)
Comment by
BuyorSell77 on Dec 06, 2020 9:36am
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