Price ActionAgree with DeliciousOil here, the research will come with a funding round, likely after they get through the $20million from EMH for Delta 1st phase. They will have good cash flow but may need more for explosive growth - especially if Texas comes online in 2018 or 2019 - theres 6million Sq Ft of Greenhouse space there.
Institutions are certainly starting to play now, with CGC at >$3.7billion market cap. Looking at page 19-20 of the VFF Oct 5th presentation you can see the room for valuation lift vs the other LPS, or for them to come down. Either way, VFF makes tons of money with MJ at $3.00/gm. Wave it in.