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West Island Brands Inc C.WIB

Alternate Symbol(s):  WIBFF

West Island Brands Inc. is a Canada-based multi-faceted cannabis company. The Company operates through its subsidiary, RoyalMax Biotechnology Canada Inc., which is a Health Canada license holder with a cultivation license, processing, medical sales and sales licenses. The Company works with Yunify Natural Technologies, a Quebec-based health and personal care research and innovation company that develops products for West Island, including topicals and ionic mists. The Company and Yunify have developed a spray mist that captures cannabis smoke odors through Yunify’s Natural Ions Encapsulation technology; cannabis odors are trapped, and they are neutralized. Its brands include OUEST, CITOYEN and Silk Road. The OUEST brand is represented by Grandpa's Stash and Jelly Cake flower offerings. The CITOYEN brand is represented by the King Louis and Clementine Punch flower offerings. Its Silk Road is a hashish blend which is made from the finest quality plant material.


CSE:WIB - Post by User

Bullboard Posts
Post by Haulta1non Sep 20, 2017 10:38pm
244 Views
Post# 26723620

Valuation Estimates?

Valuation Estimates?If MMJ gets to 50,000 sqft and harvests 50 g/sqft X 4 harvests/year = 1,000,000 grams/year at say $2/gram profit = $2M earnings/year.  That would put our "current" P/E ratio at ~7 based on current market cap.

APH's forward P/E is ~112.  If MMJ's P/E were to get to say, 70 then our SP would be $0.85. Are we looking at a 10 bagger? Or is my math out to lunch?  
Bullboard Posts