RE:P/EYour calculation is inaccurate. To get 60-70 per share would mean a 11 billion dollar company. To get that number you would need 6.5$ earnings per share (profit) KEY WORD IS PROFIT. Weed would need to make over 1 billion profit... not gonna be in the near future
danocoats wrote: I think trading at 10x earnings is reasonable. In 2019 I coud see a billion in revs and trading between 60-70 a share. In ten years I could see this as a multi billion dollar company. Buy, hold and get rich. Fantastic, honest CEO with integrity and ethics. Great management teaam, great business plan= This company will make a lot of people rich