Post by
Breadcrumbs on Jan 08, 2021 7:32am
Mind game - Wildflower Brands / Drunk Elephant
If Wildflower Brands is able to grow its sales as stated in their latest IR presentation ($100 Million in 2022) and is perceived as a strong premium CBD brand, we may be in company valuation like "Drunk Elephant". In 2019 Shiseido paid $845 Million! Based on the stocks currently outstanding we would be seeing prices above the current all-time high.
Comment by
MiniTrader1 on Jan 08, 2021 9:37am
It's mind blowing how undervalued this company is.. I don't know about a billion $ MC though LOL. Maybe $250M in 2022 if they do close to $100M IMO
Comment by
MiniTrader1 on Jan 08, 2021 10:03am
However if we're using today's evaluation formulas this stock should already have a MC of $500M as everything is on crack.
Comment by
PabloChoss on Jan 08, 2021 10:35am
I used to do some work with Drunk Elephant when they were being sold at Sephora. If Wildflower could get itself into a retailer like that it would be a license to print money. We just need Canada to relax a little bit about selling CBD product outside of Cannabis retailers.