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Medmen Enterprises Inc MMNFQ

MedMen Enterprises Inc. is a retail cannabis company with an operational footprint in California, Nevada, Illinois, Massachusetts, and New York. The Company offers a robust selection of high-quality products, including MedMen-owned brands MedMen Red, Moss and LuxLyte, through its premium retail stores, proprietary delivery service, as well as curbside and instore pickup. MedMen Buds, a loyalty program, provides access to promotions, product drops and content. It produces and curates the consumer product assortment for retail operations in its local communities with services and engaging in-store experience, combined with reward, delivery, and e-commerce programs. It also offers buds rewards, where buds members earn points with every purchase, plus exclusive access to drops and deals. The Company also provides gift cards.


GREY:MMNFQ - Post by User

Bullboard Posts
Post by Whatshisfaceon Sep 10, 2018 8:37am
175 Views
Post# 28588734

US CANNABIS SALES ARE EXPECTED TO HIT 100 BILLION BY 2029

US CANNABIS SALES ARE EXPECTED TO HIT 100 BILLION BY 2029User image

WHAT DOES THIS MEAN FOR MEDMEN?

As an industry leader in the states Medmen currently controls 6% of the market in California. This is just the begining for Medmen.

Let's take 50 BILLION in recreation sales. Medmen's goal is to hold onto 6% of sales Nation-wide.

6% of 50 BILLION = $3 BILLION IN ANNUAL INCOME

TILRAY IS CURRENTLY TRADING AT 51X IT'S EXPECTED SALES OF 159 MILLION PER YEAR.

TILRAY'S MARKET CAP IS AROUND 8 BILLION.

MEDMEN'S EXPECTED MARKET CAP BY 2029...

$3 BILLION (SALES) X 51 = $153 BILLION / 1,500,000,000 (outstanding shares)

= $102 per share! BY 2029


Now I would expect a lot more dilutuion to happen between now and 2029. For that reason I am using 1.5 Billion outstanding shares for the example above.


Bullboard Posts