Marijuana & Relative Valuation (HEXO, CGC, ACB, GRVI etc.) Unlike most marijuana names, undiscovered Grove (GRVI) is highly profitable, with no debt and $13 million in cash.
On top of this, GRVI's current Enterprise Value is about $69 million, so GRVI trades only 10 times its adj. EBITDA in FY 2022 and only 1 times its 2022 revenue, based on the company's guidance for about $55 million in revenue this fiscal year (FY 2022).
GRVI's official projections for revenue of $55 million in FY 2022 ending June 2022 are below:
https://www.globenewswire.com/en/news-release/2021/09/16/2298438/0/en/Grove-Inc-Announces-Unaudited-Fiscal-Year-2021-Results-of-Operations.html
Do your dd to confirm my sayings.