Bullboard - Stock Discussion Forum Acreage Holdings ACRGF

Healthcare Drug Manufacturers - Major

Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing and retailing cannabis. The Company derives its revenues from its retail dispensary business where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest... see more

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Acreage Holdings > Acreage 2021 revenue prediction 450 million!!!

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Post by Easymoney123 on May 26, 2020 6:05pm

Acreage 2021 revenue prediction 450 million!!!

I have read several analysts have predicted revenue of 400 to 450 million dollars U.S. in 2021. If you factor in Joe Biden winning presidency and Safe Bank act passing and many states legalizing 2021 could be a monster year for Acreage.

450 3x price to sales would have a market cap of 1.350 billion and a share price of $14.92

450 4x price to sales would have a market cap of 1.8 billion and a share price of $19.9.

What does everyone think the market cap of Acreage will be if they do 450 million in sales? Curaleaf did 100 million last quarter which would be sales of 400 million and they have a market cap of 4.48 billion which is a price to sales of 11.21 at the moment.

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Comment by MortgageFree on May 26, 2020 7:09pm

You are bang on. If Acreage achieves $450M in revenue and we get a price to earnings or sales at 4x then we get a market cap of 1.8B $20 share price easily at only 4x.

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