1,000,000 square feet ?? Ok look at slide #21 in VFF investor's deck
https://villagefarms.com/wp-content/uploads/2014/08/VFF-Presentation-December-4-for-Web-Site.pdf
Basically what they are saying is in order for VFF and EMH to be comparable share price to the other big MJ stocks like WEED , LEAF etc. The share price would have to be $12.38 / share.
That means VFF = $12.38 / share and EMH would be $12.38 / share (only based on the pure sunfarms agreement, not counting the other ventures that EMH has in the works.
Still think this is undervalued?? This is going to rocket to the moon!
I hold firm on my prediction of $16 by July 1 2018 for EMH. VFF - would guess $12.50 unless they announce further yield or growing capacity for pure sunfarms.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.vff&postid=27160862#v9GfhmXBfJ9Hft3e.99