RE:100% growth of nothing = nothingTickBomb wrote: Even with the full effect of legalization, with these revenue numbers, this valuation is insane. You need like 6 years of 100% revenue compounding to get to 1Xsales. Will they have crazy growth in foreign markets with no competition? Will the black market disappear? Will the price go down? This thing is worth maybe 4.5M, but only because they have that in cash. I think their grow ops might be liabilities to the cash at this point.
You mean 4.5B, right, lol!
Will the black market disappear, the short answer is yes, but in some cases it doesn't even really exist or stand a chance. Like thc & cbd infused beverages.
For example, there's no chance the black market is going to compete with Canopy's beverages when they start to roll them out in Canada. Idk a single drug dealer who sells thc or cbd infused beverages in Canada, not one lol! And i know a couple like CantTrust lolzzzz.