Under the radar This board is a ghost town. Indus is one of the emerging vertically integrated big players in California, arguably the biggest market in the US and yet there is apparently no investor interest whatsoever.
I'd urge anyone interested to tune into George Allen's recent Cannacord presentation on YouTube and the latest quarterly call.
The company just turned ebitda positive in Q3. Their aggressive greenhouse expansion and environmental /automation ugrades will be fully complete by end of Q1 21 and so going forward from Q2 should see Indus potentially at a $90-100M annual revenue run rate.
The company plans to take advantage of the financially stressed market and consolidate an additional 1M sq ft of grow space for expansion and greenhouse upgrades to replicate their low cost high potency product model for bulk and retail sale. First comsolidation is expected before eoy.
At a current share price of $1.60 and diluted shares o/s of 190M, the current market cap is around 230M for a forward PSR around 2--2.5 , which is below peers dominating their respective markets.
Any lurkers or investors out there? If so please chime in with thoughts, insights and or criticisms All due diligence and analysis welcome!