RE:RE:All these LPs are worth half of current market cap..Easymoney123 wrote: ACB is being valued on forward earnings. This company is not being valued for what it can do today but rather what it will be able to do after Oct 17. I don’t understand why people keep bringing up its valuation right now? The market is predicting big time earnings for companies like ACB once legalization happens. 570,000 kg at today’s prices would equal almost 4.6 billion in revenue just on dried cannabis. ACB averages 8 dollars a gram right now. ACB will also have 72,000 litres of oils from Cannimed valued around 1.5 billion. You do the math you really think 700 million will be hard for this company to achieve? If your valuation of 10 times yearly revenue then once ACB Is at full capacity they could earn 6 billion plus a year so they would have a 60 billion market cap. Let’s not even talk about what happens if Germany eventually legalizes Rec or England legalizes medicinal? The opportunities are just getting started.
The bots dine on the minute.
You advise to dine on the year.
Buy and Hold strategies have been obliterated since Jan 2018.
Too many people were late for the party and the are, categorically, bag holders going forward.
Cash is King, there WILL be better buying opportunites.