RE:RE:RE:RE:RE:RE:RE:RE:RE:Market makers are not interested Hey Investorman, how do you come up with 150M for THC in much smaller facility than CGC who is reporting 8M?
Iinvestorman wrote: They're not only gong to corner the homegrowing market. They're also going to supply the other marijauna producers with clones. In a legalised market, that'll be $100 to $200 million in sales.
Their R&D will be extremely valuable as they discover and patent cannabis based remedies for several ailments. That will be worth hundreds of millions to billions.
Even if R&D fails, they also have 29 strains of cannabis and extracts that they will be wholeselling will also be profitable, $50 to $70 million in sales based on THC's current squarefootage. Due to market demands in the future legalised market, I believe that they will have to expand their facility. This company will be doing at least $150 million in sales every year. Marijuana is currently a $9 billion industry, projected to becoming $22.5 billion during legalisation. $150 million is a very small share of the market, that is not projecting further what they have currently planned for. They could go into marijuana retail, which could easily double their sales figures. They could expand their facilities or aquire other facilities. But at only $150 million in sales, the shares will be worth $25. \
That's why people like me are holding on THC for a while.