My thoughts... Quarter | Grams | Revenue | Rev/Gram | Gross Profit | Profit/Gram |
Q1 Actual | 1,796,000 | $ 2,220,200.00 | $ 1.24 | $ 850,525.00 | $ 0.47 |
Q2 QTD | 4,976,000 | $ 6,170,240.00 | $ 1.24 | $ 2,338,720.00 | $ 0.47 |
Q2 Forecast | 8,142,545 | $ 10,096,756.36 | $ 1.24 | $ 3,826,996.36 | $ 0.47 |
Full Capacity | 60,000,000 | $ 74,400,000.00 | $ 1.24 | $ 28,200,000.00 | $ 0.47 |
Full Year | 240,000,000 | $ 297,600,000.00 | $ 1.24 | $ 112,800,000.00 | $ 0.47 |
Based on current revenue and profit pre gram here is what i am thinking for future projections. Once we hit full capacity we should be hitting about $300m in rev and $113m in profit. Given most companies trade anywhere from 12-20 xearnings we should be valued about $1.35-$2.25B at fair value. With 93m shares outstanding this is ~ $14-$24/share. Thoughts?