Smart Cannabis Corp. (SCNA)

[BigBri72]

For the purpose of dialog and discussion, Let’s look at a few companies that are out there in the MJ sector


GRNH- has accumulated losses of over 60 million dollars. Did less than 1 million in sales in 2016 and lost appx 8 million dollars . Company has 385 million shares o/s and market cap of appx 15 million. Is that stock worth 4 cents? The earnings loss per share was appx 2.75 cents per share

CBIS - has about 100 million in losses accumulated. Has 2.5 billion shares outstanding and market cap is $90 million - 2016 - revenue was 9 thousand dollars - yes $9000 and loss of 9 million - so that earnings per share is a laugh . Is that stock worth 4 cents ??

MJNA- Has 3.2 billion shares outstanding and market cap of about $325 million. They have $90 million in accumulated losses and in 2016 - did 8 million in sales and lost $28 million. They have twice as many liabilities as assets —. Is that company’s stock worth 10-11 cents a share ???

Note: Numbers in the above comments are not exact but very close. Used rounded numbers.

SCNA- Has roughly 6 billion shares outstanding. However the public float is 1.3 billion - all others of those shares are controlled by insiders ( see otcmarkets reports) and are restricted meaning the real risks is with the people running the company. They can’t sell those almost 4 billion shares they are restricted.
However - using the current 6 billion shares outstanding , @.04- is $240 million market cap.

2017 revenue to date is appx 4 million a net profit before taxes of appx 1.6-1.8 million. The company has appx 500k in total debt and appx 2.5 million in assets. Revenue and profits continue to grow and 20% market share of a $6 billion smart greenhouse market in California equal 1.2 billion potential value -
So technically YES your argument - 6 billion shares outstanding = appx.0003333 earnings per share but again that’s EARNINGS NOT A LOSS. If that was calculated based on the public float ( avail shares to gen public) of 1.8 billion then that earnings per share is definitely a positive number of PROFITABLE EARNINGS NOT LOSS

So yes I feel very comfortable with my investment. If you don’t like what you see in this company and it’s management then invest where you feel you have the best chance of profits. That simple. Your money, your choices, your investments.

$$$$$$$$SCNA/SmartCannabis/NextGenFarming$$$$$$$$