Post by
happyascanbe on Jan 07, 2021 1:37pm
Revenue Potential with Closing of Acquisitions
I realize this is an old presentation and many things have changed. But I believe this is the last presentation where the company provided revenue guidance. At this time (Oct 2019) they were looking at Revenues of $70M-$100M once all acquisitions are completed.
I'm not expecting to see these revenue projections completely play out. But even at $50M-$60M there is terrific upside for the valuation of the company and subsequently the share price. For now sticking with my own personal $0.70 target, but feel like this could end up being conservative as revenue multiples are on the upswing and will only go higher with the positive news in the US, due to cannabis friendly Democrats being in power shortly.
In 2019 Slang was projecting Gross Margins in the 50-60% range which they have managed to successfully achieve.
See slide 17 of this link,
https://www.slangww.com/wp-content/uploads/2019/10/SLANG-Worldwide-Investor-Presentation-October-2019-New.pdf
Comment by
Miroslav2 on Jan 07, 2021 2:50pm
I agree, they're commitment to Slang is what we need and the snowball is getting bigger as Chris always mentions! I am optimistic and can see over $1.00 by year end if everything pans out just need to weed out the bad apples first! GLTA
Comment by
Miroslav2 on Jan 07, 2021 7:59pm
I thought the same, if Bruce was still CEO of Canopy Slang would of had a better chance.. Also speaking of Trulieve SLANG-branded products are expected to be available in Massachusetts in the first half of 2021, following the completion of Trulieve’s facilities and ramp-up of production.