OTCQB:VVCIF - Post by User
Comment by
demauleon Apr 18, 2018 9:53pm
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Post# 27908562
RE:RE:'Choom secures retail cannabis opportunities '
RE:RE:'Choom secures retail cannabis opportunities ' I don't quite understand CHOOM...neat trademark I guess...but according to the listing info on tmxmoney their price-to-book ratio is 194 !!! I think that means they have tangible assets worth around $330k but their stock is worth $65m. ABCN on he other hand, has a market cap of around $300m and their price-to-book ratio is 5.75 - considered to be high, but in a similar range as other major pot stocks. Actually that 5.75 number confuses me as well since ABCN is supposed to have over $100m in cash...so how can the price-to-book ratio be anything higher than 3.0? Maybe it is based on the most recent annual report which is from about 16 months ago...I dunno, maybe I am just doomed to be perpetually confused.