Post by
Cannabis1 on Aug 10, 2018 4:16pm
Food for thought and the reason for buyback!
Take for example floracal which closed July 3rd. In 2017 the company generated 6.4m US and 3.2m in EBITDA and with their low tax rate 2.6m US in net income! Keep in mind their max capacity is less than 1000kgs per year or 1m grams. The selling price is $17 per gram because of their ultra premium 33% thc levels. So last year floracal sold 375,000 grams non red market. Their new facility which will be operational q1 2019, will have a capacity of 3700 kilograms per year. That equates to 3.7m grams st $17 . Potentially US $63m in revenue and 26m in net income. Almost .50 cents in earnings from floracal alone for Crz! This is for only 1 of their co's? Take any multiple you want it all adds to a rocket ship ready to launch! Do you think canopy does 50 cents in earnings next year? Good luck!
Comment by
ScreenName1 on Aug 11, 2018 4:02pm
I like the way you think. Is that $17 wholesale or retail pricing?
Comment by
Cannabis1 on Aug 12, 2018 9:43am
Wholesale I believe but I can stand corrected if anyone knows better.
Comment by
ScreenName1 on Aug 12, 2018 7:41pm
My guess is that price is US retail, but I like how you broke that down.