TSXV:NDVA.H - Post by User
Post by
HARJAYon Nov 24, 2023 10:52pm
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Post# 35752514
FYI
FYIThis is from the BB of NDVA from the CEO site and is part of a reply to someone who asked a question tthe hilighted portion is FYI and translates into a $0.25 S / P. in mid 2024 or sooner witth a couple of good qtrs lie the last one.
I go to a fair number of investment conferences, and I've been a cannabis speculator for nearly a decade. Every person I talk to talks about the need for a industry catalyst - moves to federal legalization in the U.S., and safe banking. The CEO's talk to institutional investors who are waiting for federal legalization in America, and they will put money in as soon as that happens. So this should trade at 1x revenue in a mediocre market, which should happen in the second half of 2024. Any kind of sector catalyst, and this company being profitable could see a blue sky of 2x - 3x revenue. It's an easy four bagger from here barring a black swan, with the potential to be more. I like an assymetric position trade and Indiva qualifies at this point. GLTA, there been a lot of financial pain in this sector but you have to steel your nerves and keep going.