RE:Read the researchThanks SJ. Great info here.
SaltyJim wrote: Don't give or listen to predictions if you haven't read the research or done your DD. At the vey least do yourself a favour and invest 45 mins into listening to quarter ending call yesterday.
For 2020 the company has already secured contracts at their max values to virtually fill current capacity. Yet analyst targets ($6, $7 and $8bucks) are based on much LESS THAN full capacity. Valens can expand capacity and have more contracts coming online by the time they are full. They intend to work globally with some of their existing partners. And lots more of good info like they plan to be biggest 3rd party vape player, white labelling and drink infusion is where the high growth potential is.
Most telling though is revenue per acre of maryjane after its extracted and sold as liquid or vape etc. It explains why this next leg in the cannabis sector is where the real money is, and why everybody is looking for expert oil extraction.
The only speculation here is- can they ramp up extraction to meet the demand. Everybody has an opinion, many people including me think it is still a buy here in the $4s.