GREY:NCNNF - Post by User
Post by
Joham13on May 19, 2019 6:12am
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Post# 29759290
This company 48 North should be valued at $9 Canadian
This company 48 North should be valued at $9 Canadianor $6.75 US, based on 45K Kilos. It's simple math folks. 45,000 kilos X 1000 = 45,000,000 grams.
45 million at modestly 4/gram. (edibles will be the rage in Canada come October 2019) that's
$180 Million in revs in 2019!!!! They alread signed contracts for close to 9k kilos. Since it will cost less than .20/gram I say margins are around 50% so $90, 000,000 EBIDA. with a 15 multiple at 150 million shares out = $9/share!!!!!! Going to be an awesom rest of the year. $5 by October should be a no brainer! All IMO, GLTA!