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mavrickmman

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mavrickmman

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Friday, 09/08/2017 2:11:09 PM

Friday, September 08, 2017 2:11:09 PM

Post# of 10029
Am I missing something? MSRT buys CannaRegs (CR) for $12mm and touts that CR generates $450k annually. This backs into a 26.67x multiple on LTM. From my pov, this is absolutely out of market pricing and based on MSRT operating losses of $11mm per quarter, the $450k in annual revenue is an absolute joke.

More validation that the CEO and executive team are unqualified. This company is no longer a sexy start-up, it's now a turnaround being run by the same management team and CEO that ran the company into the ground. GOOD LUCK!!!

What am I missing?

https://www.forbes.com/sites/debraborchardt/2017/08/23/massroots-acquires-cannaregs-in-a-12-million-deal/#22cbd9b161f1
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