Cannabis Wheaton Income Corp. (CBW)

[Spetty772002]

I've re-done my calculations and pushed them out through 2021, as I saw on their website that they have their estimated # of grams at 230 million (excluding the 5.5 million grams/yr deal and the 8.1 million grams/yr deal, as well as the 200 million grams/yr Kraft deal. Using the same assumptions as before ($5.25 adj ebita/gram, 10X forward EBITA and 1 billion shares, the last two being particularly conservative IMO), I think we're looking at a $25 billion valuation and $25/share by 2021. Again, conservatively. My honest opinion is that it could be closer to 35-40 billion, and if they only end up with say 750 million shares (or less), you can do the math on that lol. I still think that by the end of 2019 it's gonna be close to a $20 stock, that hasn't changed much as I don't know the build-out time of these new deals or the Kraft plant, so I'm kinda back-loading the projections.