RE:How high can we get...Valuation is not about share price, but rather market cap. Due to the varying degree of shares outstanding for every different company, share price means nothing. At $20 a share, using current shares outstanding, gives ACB a valuation of almost 6.5 billion. That's a pretty big stretch on revenues. The entire Canadian MJ market is thought to be around 7 billion. So I don't think $10+ share price will be seen for at least 4-5 years. Let's get over 1 billion cap first. We'll need some serious revenues to justify even current valuation.
aurorahigh wrote: I agree on most price predictions. If they keep being a game player and advancer then $10 is not unreasonable in the short term. ACB is always listed as top 3 contenders in their field yet pale in price comparison. It's an easy $10. Not if but when the US is fully onboard Canada has the advantage rightnow. Real concern is competition but no reason this couldn't be a $20-$30 stock in time if they can keep up, which I think they can. I'd prefer the company to buy back shares. Most industries have major players all reaping profits,were positioned well with long term growth....I have time and patience...