GREY:BLEVF - Post by User
Comment by
NEWBIEVESTORon Aug 23, 2018 12:39am
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Post# 28503721
RE:RE:Hip vs BE this week
RE:RE:Hip vs BE this weeklinguinee wrote: Is the breakdown that simple? Are there any extentuations or expected developments influencing the valuations?
HIP had celebrity endorsement (tragically hip), the buy out offer from medrelief? I think it was. So it got a lot of attention. What has BE had? Nothing special so no one cares/knows about it.
I do believe HIP is over valued at this point in the game, it’s just so easy to compare with BE. HEXO has a $800mil enterprise value, 4x forecasted production than HIP and will be done in 2018, 20k kg supply deal, lowest cost producer @ $0.87/gram and Molson deal on top of it. So I don’t get why people would buy HIP when comparables like that are around.