OTCPK:SPLID - Post by User
Comment by
PCR1917on Dec 28, 2017 9:46pm
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Post# 27242449
RE:Quarter billion market cap
RE:Quarter billion market capEcrevisse wrote: Absurd. All these plays about to implode. No sales. Nothing. Harsh lessons coming soon.
I understand your point but you're wrong. There currently is a $5 billion black market that is about to go legal. Someone will benefit from it and there are not a lot of big companies already established in California. Companies like EAT and CRZ are in very good position to capitalize on Cali recreational market in the short and long terms. Lets say they just can get 2% of this market this year, that would mean $100 millions in sales, which could justify a market cap of 6 times this number in a high growth sector, so $600 millions, which is still double from where they are now. In other words, there is still plenty if room to grow at this point, contrary to Canadian LPs in my opinion.