RE:RE:RE:RE:I still expect a bounce .... .maybe back to $7.50BaronVonMike wrote: BITcon1 you just answered my beef with this company how the hell is this worth 1.4 billion and there profit is 500 k ? Anyone paying at these levels is in for a lot of losses the fat cats who where in on this deal want out and they hope the average joe blow buys there scam
If you have a beef with this company then surely you must have one with all of the other US MSO's. All of them are being valued at 20x to 50x FY revenue (and 100x plus in Canada). CURA for example is pulling in 21m in sales per quarter (just behind ACB & WEED). CL will show similar numbers on their next quarterlies... but the difference here with Cresco is they aren't hemorraghing cash nor are they paying their execs 17m a quarter like MedMen. This is why I decided to highlight their net income (key word 'income' not 'loss'), which is a rarity in this space right now (TRUL is operating on a positive net basis, but they have problems beyond their income statement).
The reality is in 2 years, the early movers, the ones who are expanding and obtaining licences in the most states, are going to have a significant leg-up on the competition.