GREY:MMNFQ - Post by User
Post by
Whatshisfaceon Sep 10, 2018 8:37am
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Post# 28588734
US CANNABIS SALES ARE EXPECTED TO HIT 100 BILLION BY 2029
US CANNABIS SALES ARE EXPECTED TO HIT 100 BILLION BY 2029 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.