australis’ #1 investment to date is Body and Mind BAMM Australis’ #1 investment to date, shown in new AUSA investor deck, Body and Mind (BAMM:CSE). Vertically integrated MSO
Price targets and valuations, $0.84 current price. $63 million M/C
$3 would give them a ~$225 million market cap (valuation) with ~$75 million per $1 added to share price. This is current, fully diluted/issued market cap based on ~75 million shares issued/reserved. We’re offered a buyout by TGIF beginning of 2018 for $180 million. Management has added plenty to the business since then
**Green Thumb Industries paid $290 million for comparison for three Nevada dispensaries and a grow operation one being on the strip**
**https://mjbizdaily.com/green-thumb-industries-buys-nevada-cannabis-business-in-290m-deal/**
BAMM has one dispensary in Nevada with a grow operation and commercial kitchen for edibles manufacturing plus they are a top selling brand in many others, one brand new dispensary in Ohio and one just announced/coming soon in Arkansas, plus once Show Grow is rolled into BaM’s portfolio it will add 3 top notch dispensaries in California and another Nevada one.
Of course the Cali and Nevada ones are in adult use Markets and so therefore have a larger market base. I wouldn’t discount the profitability of both Ohio and Arkansas.
Also to support say a market cap of $300 million one would say revenues would want to be at least $6.5 million/ quarter based on a 12x revenue multiple.
Any one can speculate but I’m sure a price target could be more then $4/ share Canadian by the end of the year