RE:Pure Speculation: Canopy way over-valuedLoopyLettuce wrote: Let's not kid ourselves here this is pure speculation. Anyone who says they're not speculating on any cannabis stock is only lying to themselves. Canopy will be lucky to reach these valuations when the dust settles after legalization.
There's nothing wrong with speculation but please stop pretending that this is value investing.
Instead of mindless ranting use some numbers to prove your point. Here is some help but I'm not going to spoon feed you. Take the 5.5 million square feet we will have. Multiply that by average grams yielded per square foot. Use a conservative sales price of $5 a gram. Now apply a P/E of something comparable to alcohol companies. Nobody really knows how to value these companies but this is a good starting point