RE:Potential over 36 monthsDue your own DD, however I believe $4-5 is certainly a conservative estimate. This investment is speculative.
At the moment, they have a strong balance sheet. Based on dec-16 statements, they had $55M cash and they secured another $75M via share offering at $2.25.
- Per Dec statements, their short-term debts = $4M
- Long term debt = convertible notes, which likely will also be exercised is nothing to worry about.
ACB could have issued tons of debt or raised capital via equity offerings to prepare itself for the recreational market. The fact that investors put in $75M not too long ago at $2.25 shows their confidence.
Their 6 mo ended revenues was $7M. Their market cap is close to $700M, so almost trading at 100x revenues! This is CLEARLY in anticipation of the legal rec market.
Their diluted shares is #285M per December statements, but now would be above #300M with the latest offering.