Medican Enterprises Inc (MDCN)

[fxsho2008]

Cnbc had this interesting piece on some auto related stock that was trading at 178 times earnings. Unless we are missing something here with these MJ/ realty companies. Do they have such high multiples as well? If so when you start adding up the annual leases per building and the income off the branding deal and the consulting fees to the tune of 30% of gross from dispensaries then we are talking some serious cash and with only 550MM in the OS we are well into multiple dollar land. 400 in revs on TWYNS alone at 178 times your talking 70MM. Now all of a sudden things start looking a hell of alot better.