Sunniva Inc SNNVF

Financial and operational highlights for Q3

[CryptoKid]

This came out nov 28 th  
Revenue of 10.2 million for nine months 
CURRENT MARKET CAP 293.3 million
Just to compare  Aurora Cannabis  
Revenue .....approx could not compare exactly ..different reporting periods but It was around 15 million or there abouts for same 9 month period
CURRENT MARKET CAP  5.1 BILLION

Thats 17 times higher...am I missing something here?  My math might not be great but even if you take ACB and cut that market cap in half .....then cut it in half again ..assuming our revenue is half ..  that would still put us at a valuation of 1.2 billion  which would have us trdaing in the 40's 

IF if i'm way off please clarify  . Thank you 
 




 and the nine months ending September 30, 2017

• The Company reported revenue of $10.2 million for the nine months ending September 30, 2017 compared to $nil for the same period in
• Revenue grew 39% quarter-over-quarter increasing to $4.6 million in Q3 from $3.3 million the prior
• The adjusted net loss for the nine months ending September 30, 2017 was $4.1 million and $0.16 per share compared to $5.5 million and $0.31 per share for the same period in 2016. Net loss was adjusted for non- cash expenses resulting from the fair value increase in promissory notes and warrants, share-based compensation, and non-operations related amortization expense resulting from the Company’s acquisitions.
• The Company reduced its debt obligations with the repayment of $2.25 million in promissory
• The Company closed its offering of special warrants for net proceeds of $6.2 million, subsequently qualified by its receipted prospectus, and a concurrent private placement for $1.2
• Wholly owned subsidiary, CP Logistics, LLC, received unanimous approval by Cathedral City’s Planning Commission for its conditional use permit triggering the commencement of construction for its California cultivation facility.
• Wholly owned subsidiary, Natural Health Services Ltd., surpassed more than 100,000 medical documents and 75,000 active patients and expanded into Ontario and
• Sunniva acquired 100% of the membership interests in A1 Perez, LLC, for total consideration of $1.3 million resulting in an additional oils and extracts manufacturing license and a manufacturing facility contiguous to the Company’s existing facility on Perez Road, Cathedral City,
• Sunniva reported adjusted working capital of $7 million as at September 30, 2017 after the elimination of non-cash warrant liability and the conversion of its outstanding convertible
• Subsequently, Sunniva sold its land at Ramon Road, Cathedral City, CA to Sunniva Production Campus, LLC, and issued 8% convertible debentures for combined proceeds of $15.6 The Company used proceeds to repay $5.1 million in secured convertible notes further reducing its debt obligations.

[Stackinstocks]

I am long Sunniva, however this comparison doesnt work. All valuations are based on potential profit in the space right now. At this current stage ACB is much much better positioned to turn a profit then SNN. They have infastructure done, they are already growing, they have supply agreements etc.  I think Sunniva will get there eventually but is going to need time to turn plans into hard