TSXV:NDVA.H - Post by User
Comment by
nedstar71on Dec 15, 2022 3:43pm
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Post# 35174144
RE:RE:Bhang valuation
RE:RE:Bhang valuationcaretired1 wrote: I think it's double digits like 12% ish. They probably sell about 2mm a quarter so they pay about 1mm a year in fees to Bhang is my estimate.
I haven't looked at Bhang. Do they lose money?
Bhang's revenue in 2021 was $1.26 million so unless Indiva is almost their only revenue stream they must not pay that much. With Bhang's revenue that low it's clearly not all that popular anyway so it's lucky Indiva somehow made it work in Canada. That being said Bhang loses tons of money and Indiva doesn't want any part of owning that company.
I noticed some reverse splits finally occurring in the space for the penny players, including TGOD and Hexo announced yesterday. Sundial did one months ago. Auxly is surely to do one soon being at 2 cents now. Indiva is so low on a market cap basis I can't see it hurting them much if at all, but anyone think one may be coming? 13 cent stocks don't play all that well when equity needs to be raised.