PINL:HERTF - Post by User
Post by
nozzpackon Mar 16, 2021 9:41am
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Post# 32806535
$52 Million In Revenues = MC of $450 million
$52 Million In Revenues = MC of $450 millionPrice to sales multiple for cannabis stocks is currently 8.8 times annual sales.( see link below ) As other revenue generating deals have been signed, the final revenue for 2021 will be significantly above $52 million.
However, at $52 million in sales at peer trading multipiles translates to a market cao of about $450 million which is about $1.15 per share. That is an 8 bagger from here. https://www.zacks.com/stock/chart/ACB/fundamental/ps-ratio-ttm