OTCPK:CADMF - Post by User
Comment by
dart321on Mar 14, 2019 11:21am
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Post# 29485353
RE:RE:RE:RE:NEWS
RE:RE:RE:RE:NEWS This is the companies potential from oil sales only. With their present California facilities and the one they are buying they have the potential of a max production of a 9 to 5 daily shift 5 days a week of aprox 50,000 liters per yr. Oil as I stated before sells for between $5000/$10,000 per liter. If they can sell all this oil at the lowest price it would rake in 250 million U.S. per year or 330 million Canadian. Canopy Growth is trading at aprox $1.30 pre share of sales ( Yearly Sales divided by the number of shares outstanding ). If this company sells all their oil at the lowest price it would generate sales of aprox $3.65 per share per yr 2.8 times that of Canopy Growth. That is the potential here for oil sales alone. It's just potential until they start announcing oil sales. That is why in my opinion the potential far exceeds the risk to own this stock.