GREY:DYMEF - Post by User
Post by
BenjaminGraham2on Jun 13, 2019 10:01am
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Post# 29821906
Largest direct to consumer business in California
Largest direct to consumer business in CaliforniaDistrubution is everything in California - 34/38 counties prohibit brick and mortar in CA but they allow home delivery. Larger companies will want an established distribution network for greater penetration.
Quick comps, keep in mind Origin House was bought for $1.1b by Cresco:
Dyme
Q1 Rev - 19.5mm
Margin - 33.5%
Annualized rev $77mm
Rev multiple @ current share price - 1.6x
Origin House
Q1 Rev - 8.3mm
Margin - 15.2%
Annualized rev $33mm
Rev multiple @ current share price - 21.3x
Indus Holdings
Q1 Rev - 6.4mm
Margin - 20.9%
Annualized rev $25.3mm
Rev multiple @ current share price - 7.7x