Market cap 100mRemember folks, stocks are forward looking instruments. While I'm bullish on THC and have owned since .10, I'm a bit sceptical of our current market cap of over 100m on essentially no revenue. People who think just because a stock price hit 1.25 before we got the license, means it must go above after license must be new to stocks. What do people think the run from .10 to $1 was based on? Clearly not increasing revenues as there were none. The run was anticipating the license. That's why all pot stocks have such high market caps relative to today's operations, because future growth is already baked in. How much future growth is a bit hard to say right now because everything is still so new. But at current 100m market cap, revenues have a ways to go to justify the market cap.
Now I'm sure the share price will go up Monday, and maybe some days after too. Sh1t I'm hoping it goes to $2 so I can sell and buy cheaper. I'm just keeping it real for those new to investing, or new to pot stocks. Just keep market cap in mind when deciding on a good entry point. The whole sector is bullish, so I'm not saying market caps are coming down, just know that if you buy a company at a valuation of 100+million dollars on no revenue, things pretty much have to go exactly as planned to justify and maintain that market cap. Because if something does go wrong, stock prices will come down real real fast.