C21 Investments Inc C.CXXI

Some very positive thoughts re/PE ratio

[hevin]

Should we make .03 net profit or more in the next quarter like in the past 3 quarters, (highly likely) that would mean at least .12/year. Considering a CHEAP Price/earnings ratio is 8, that means .96 would be a cheap deal. Considering a P/E ratio of 16 is still reasonable, that would mean a nearly 2.00 price is very fair too. And this at the very beginning of legalisation. Therefore the current SP is a ridiculous fire sale, (been adding shares myself) and the shorts will definitely get shredded sooner or later. Our time is near. Of course I could be completely wrong! (But I don't think so)

[mercedesman]

Thx hevin. I agree.  The earnings multiple is a joke. Hence my interest. most Cannabis co don't even have earnings let alone a positive cash flow.   . as for shorts, it looks like the position at Dec 31 is relatively small (33k)  unlike the end of last year where over a million shares had to be covered in Jan 21   this should react well throughout 2022 as they