$LVT - Moving Along With Their Aggressive Growth Strategy $LVT (Levitee Labs) focuses on being the first psychedelic company with significant revenue to valuation in the near future through an aggressive natural and external growth strategy. This strategy seems to be working as well. They've been announcing consistent acquisitions and good news. (I'll only start from the end of July)
- July 28: Acquired BlockMD, a leading telemedicine platform for patients with substance use disorder.
- July 29: Acquired 3 Alberta pharmacies with revenues of approximately $3M over the past 12 months, with $800,000 in EBITDA. (25% YoY revenue growth)
- August 4: Acquired Earth Circle Organics, a superfood company with three brands and $2M in revenue with $600,000 in the past 12 months.
Over the past 30 days, they've been able to acquire brands that have generated over $5M in revenue with a decent amount of EBITDA as well. IMO, there's nobody else like them in the space, and currently, no other psychedelic company has been making any significant revenues.
In addition to revenue growth, I've been seeing a lot of insider buying and no selling. This shows that the management is confident with their strategy.
The stock has seen a great recovery since the dip back in the middle of the month, and it's currently sitting at an SP of $0.48 with a market cap of $38M. With $5M+ in annual revenues added to their portfolio (with more in the pipeline), this should be worth $50M+ easily compared to other psychedelics/clinical companies. GLTA!