Post by
retiredcf on Jan 03, 2021 11:32am
Positive Assessment
VEXT is a $107M market cap company, up 44% this year, in the cannabis/vape/edibles sector. It is cheap on a sales basis, and profitable. It has a bit of debt but nothing of much concern. Sales growth has been solid. Insiders own 4.4% and have been net buyers this year. We do not find it that exciting, but it does look better than many of its similar-sized peers.
So said 5iResearch at the end of last week when asked for their views on VEXT. It is worth noting that they have never been fans of the sector as a whole so in that context, this is a pretty positive assessment. GLTA