RE:RE:RE:RE:RE:Tlry up 500% from June... Canopy up 30% from JuneWell, your sort of right, except for the fact that Canopy does not make a habit of overpaying for assets. That is why Canopy is the biggest MJ company but has a low share count. Companies like Aurora overpaid drastically for assets in a feeble attempt to catch Canopy but failed miserably. Aurora has almost 1 billion shares because of their ridiculous aquisition costs. Even Aphria has more shares than Canopy and that is a sad statement because they are not even in the same league as Canopy. In the end, it all comes down to management decisions. Aurora and Aphria were both passed over twice by large alcohol (Constellation/Molson-Coors) and they are about to be passed over for a third time by Diageo. Won't be pretty for their shares when they get strike three.
longonMJ wrote: I believe your calculation only works if Canopy decides to keep all $5B of that money in cash at the bank or whereever.
The minute they decide to spend any of it, that will drastically reduce their book value by virtually that same amount spent since all assets in the current weed market is highly overvalued and will most likely have to be brought at way over its underlying book value.
VENMan wrote: The Tangible Book Value (TBV) all based on last Financials for ACB was .93 cents per share, for APH $2.57, for HEXO $1.63 and for WEED $3.91. While ACB & APH trades at 10 times their TBV and HEXO at 5, WEED current trades at 17 TBV. So why is that? Because when WEED receives that $5 Billion the TBV goes to $18.96 per share. Using the 10 times TBV ACB and APH are getting WEED goes to $189.60 per share and the 5 times TBV HEXO is getting WEED goes to $94.80 per share! All IMO and always DYODD!!!