Chill... Respect opinions...What will happen Monday morning?Everyone needs to chill. None of you guys are wrong, it is over valued. This is a fact and they need to be making an ebitda of 7 million to be even considered a market cap of 200 million or damn high revenues and that is still being generous. Since this space is new and future prospects are so damn amazing, investors are willing to justify a 230 million price on this company at a mere ebitda of 1 million. Whether it goes down to 2.40 or 2.50 nobody can predict. Stocks don't increase in a straight line, it will dip sometimes. If you are looking to enter, you can wait for that opputunity. Months from now, it will be worth $4-5, so don't fuss too much guys.
You guys should be worried about how the MJ stocks will perform on Monday morning. All asset stocks, and banks are getting wrecked right now, globally. Brexit didn't influence MJ stocks much, but US stocks affects all US companies. Our economies are so tied, 40% of the Canadian export goes to the US (not sure about the exact figure). In turn, it will affect Canadian companies and trickle down to the buying power of everyday Canadians. Less buying power means lack of patient growth. Remember Medical MJ is not covered by national health care.
Lack of investors means LP's looking to get funds are hurt, higher cost to burrow money, current COMA investors not being able to meet their demands are buying from smaller LP's in the meantime. This stock is run on future prospects and if that is hurt, it will affect MJ stocks for sure.
Something to think about. I have a job like everyone else and I will be watching the market carefully.