GREY:CVHIF - Post by User
Comment by
paljoeyon Apr 14, 2018 8:41am
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Post# 27884474
RE:Still some low volume
RE:Still some low volumeIts very close to announcement of details.
The cheapest MJ stock without current sales is about $75 million or about 4 times the current market cap with an existing profitable business with sales of nearly $40 million with strong growth profile.
Price to sales multiples for MJ stocks currently are in excess of 50 times sales.
Even $5 million in MJ sales will have a big impact on CXV's market cap.
I dont see any downside risks at the current price.
With ready made dispensaries available, a 5 fold gain might be possible in a very short time frame.