RE:Value of Patent PortfolioThis is how I would value thier IP going forward:
1) They are one of only a few companies offering tolling services anymore. It seems that LABS and VALENS cannot afford to be in this space due to the commodification. This does make NL's IP surrounding their machinery tech and processes a differentiator. ACHEIVED
2) IF NL's revenue increases this year going forward from oil and tolling sales - this further validates the point from above. When large scale kicks in for the US - Large companies will need to decide on how they will buy or produce oil efficiently. If revenue increases his year (and continues to increase - then this means their is a competitive advantage on price that is created by their IP). TO BE ACHEIVED.
3) IF companies start to license out NL's IP surrounding emulsion and pharma - then this would be an obvious sign. TO BE ACHEIVED
Lastly, I'll say that during the creation of a new industry like what will be happening in the US as they move towards fed legalisation; their will be a land grab for market share by the larger companies wanting to be in the space. Canopy paid $425M to buy Ebbu Inc which had only 40 patents (that they had applied for). There could potentially be much bigger fish in the coming years. I beleive this is why Paul keeps stating that they are building a $1B patent portfolio. That may be the price they ask for if a company wants to acquire them.
My question is, does he mean $1B Canadian or USD? :)
JMO