RE:RE:RE:Entire sector was up. 100% true that others in the cannabis space are trading at stupid high numbers, but most have the assets to back up the valuations.
WEED has a market cap of close to 10x sales. They are worth like 8.5 billion, but they have close to 7 billion is assets.
ACB might get to 300 million in sales this year and is worth over 2 billion. However, they have assets valued far over 2 billion.
So Zenabis would be trading at 5 to 6x revenue and 2x assets if they got to a dollar this year. In my opinion, that is not a sustainable valuation.