GREY:CHALF - Post by User
Post by
PortlandBlazeron Jul 15, 2022 1:04pm
115 Views
Post# 34827372
When the financials are finally filed
When the financials are finally filedThere should be value for shareholders. I read an analysis this morning (Redhill) that average EV/Rev multiples in the cannabis industry have declined from 31 at the start of 2019 to 2.8 now. With a quarterly run rate that should currently be at US $10 million, or US $40 million per year, the EV should be around US $110 million Subtract whatever the debt is now ( financials are long overdue) and you've got what the market cap should be. Divide by 65 million shares? ( financials are long overdue) and I'm getting north of US $ 1.00 per share, or Can $ 1.35 per share.