GREY:CHALF - Post by User
Comment by
DeeperValueon Jun 12, 2018 9:04am
81 Views
Post# 28158625
RE:RE:RE:RE:RE:re:
RE:RE:RE:RE:RE:re:You do know that sharecount by itself means nothing, right? Only the market cap, found by multiplying the sharecount and the share price do you get a meaningful number to make any statements of valuation. In this case the market cap of GLH is about 128M. In perspective, Canopy is SIXTY times that, with their $7.7B market cap, whereas GLH's $3.2m USD revenue per quarter or $17.2M CAD/year is almost half of the $40m annual Canopy revenue. So your going to sit there and tell me GLH is overvalued based on their revenue? HAHA
I know this stock has affected many of you on a deep emotional level and this is why there is constant one-sided bashing day in and day out. The fact is that the company has faced a lot of headwinds, naturally when attempting to build a cannabis business in a Schedule 1 jurisdiction. However, this hardship has forced this company to change and harden into the robust Chalice empire it is today. The winds have changed this company from the most overvalued disposable vape filler under Robinson into now the most undervalued MJ play on the market IMO.
Many things on the way...