Supreme is very undervalued at this point!Great ER and for once let’s do some napkin math to understand fire’s is very undervalued...
18.3 m quarterly net revenue that puts them at 73.2 million annual revenue (pro-forma assuming no growth in sales) the industry standard for cannabis revenue is 8x annual sales. Given those metrics that should put at $585 million market cap. As of today our market cap is only 263mm. Out of that we also have solid cash on hand with 42 mm (15% of their entire market cap) with with the recent raise done already so no near term dilution is expected.
I see us flying 40%- 80% and i wouldn’t be surprised if we reach $1. It may be a lag in getting it there but given everything I wrote above, this is a no- brainer at this point. Very undervalued!
Congrats to all those who held