RE:Complicated, I think your valuation is totally wrongPotStocker wrote: 1, The market price of recreational weed in states https://www.priceofweed.com/prices/United-States/Colorado.html . So I guess you will never get 2$/gram. Recreational weed will become a commodity, it will always have profit room for growers and will always remain the most expensive one. If growing wheat, fruit can be profitable, so will the weed.
2, And weed will always be controled by government like tobacoo. Have you heard any tabacoo company having problem to find consumers? It appears they are making lot of money
3, Weed can be patented. Not all the streams work for everybody. People has different taste so some stream will make good sales and some will not.
4, Weed can be used as the material for some medicine so it will be sold world wide
5, 12 time forward earning is not right. As a growth company, the PE is about 25~ 35 times.
At this moment, I am not a fan of cgc. I have not changed my view till now. I am a fan of MT. And I am a big fan in this sector. this will be new oil industry in Canada. It is green.
We can come back one year later and have another discussion about the sector and companies.
There was a very similiar thing happened in IT tech about 20 years ago. Now, there are some companies making billions of $, and there are even more comapnies disappeared. It is going to be the same in pot industry. It is very promising but the company needs to be very careful with its money.
So, do you agree with me
Complicated ?