Let us make 2000% times profit in 10 years.The future of Bedroncan
Bedrocan will be a rising star in the years to come. Legalization of pot is unstoppable. And recreational pot use is just at the corner. Bedrocan is taking pharmaceutical which surely will give it an upper hand when recreational use is legal in Canada.
So, how Bedrocan can be 1B$ market cap company?
It is simple. In pharmaceutical, the P/E ration is usually around 25. So, as long as Bed can make earning 0.6$ per year/per share, its share price will be over 15$. This will give BED a market cap of 1B$.
Is it difficult to make 0.6$ per year (let us not talk about if the recreational use is legal).
0.6$ per share will need 2$ per share revenue which is about 140 million $ avenue.
With the medical pot revenue to be 1.3B in 10 years in Canada, Bedrocan will surely own more than 10% of the market share.
So, if you are long term investor like me, please ignore the small rise and downs. Making 2%, 20%, even 100% on bed.v is a total failure.
Let us make 2000% times profit in 10 years. It is not a dream. It could be reached in just 5 years if the right government is taking the office this year!
Mark my word. I will be back when I booked my 2M$. It would not be long.