Financial Report Analysis. The data below is from a copyright protected source that I subscribe to.
The writer has recommended the shares and had these comments regarding the recent financial results.
Steve
The company made a large loss in 2020 due to one-off costs associated with going public and non-cash write-offs. It should be profitable this year, although there will be additional one-off costs associated with combining three previously-separate business during the first half of 2021.
With 92M shares outstanding, GRAMF’s current market cap and enterprise value are US$800M and US$420M, respectively. This means its EV is less than 1.5 times this year’s expected sales, which compares very favorably with a cannabis-sector median of around 7 times.
The implication is that the stock price of GRAMF could triple from here simply by virtue of the stock receiving a typical market multiple, assuming that the company achieves its revenue guidance.