When looking at VFF and EMH who just received their license,those two companies have been trading in the MULTI DOLLAR amount, market caps a few hundred million each, and they JUST received their cultivation license.
So I'm thinking, if companies like those can be trading upwards of $5+ per share without the license (and with the license), then I still think this stock is undervalued.
The question now is how this company plans on diversifying in the future. Growing just cannabis alone will eventually not cut it. The positive thing is that CANN has a plan to have Alberta dispensaries so that's a bonus. I wonder if CANN will also make/manufacture consumer products as well, other than dried weed? (for example, medicine form (pills or otherwise, etc), edible products, etc), or, will CANN just simply supply the marijuana to product manufacturers?
If the 3 million square foot comes to fruition and things go as planned, I can definitely see this in the MULTI dollar range, but of course that's very long term but if you can tie up your investment for that long then you're golden.
I don't think we see $1 this month, however I think we will see $1 pretty soon. No point in putting timelines on it, but if you're willing to wait then you'll see $1+. Maybe we wait a month, maybe we wait 6-8 months, but either way it'll get to at least that.
Anybody know how long a 3 million square foot facility could take to complete? 1-2 years?
Finally, I believe receiving the license isn't enough to catapult a stock anymore these days, but it's obviously required to go further with plans.