Monday, June 18, 2018 10:18:20 AM
"At the closing prices of C$9.68 for GTI and C$4.69 for MedMen, the two sport market caps of US$1.03 billion and US$1.65 billion, respectively, based on fully-diluted shares."
"MedMen disclosed that in Q1 (its fiscal Q3), it generated sales of US$7.22 million that resulted in an operating loss of US$15.5 million. In the first three quarters of its fiscal year ending June 30th, the company reported sales of US$10.6 million and an operating loss of US$29.5 million, using over US$33 million to fund its operations. In contrast, GTI reported Q1 sales of US$10.9 million, up 261% from Q1 in 2017, with an operating loss of US$1.4 million. For all of 2017, it reported sales of US$16.5 million, with an operating loss of US$4.3 million and a use of US$4.3 million to fund its operations".
"We think that the valuations the market is awarding these new issues is generating some interest among investors in the broader space, including not only iAnthus but also others, like CannaRoyalty, Liberty Health Sciences, MPX Bioceutical and TerraTech."
https://mailchi.mp/newcannabisventures/investors-warm-up-to-direct-us-cannabis-companies-and-12-stories-from-new-cannabis-ventures
https://www.forbes.com/sites/alanjbrochstein/2018/06/17/cannabis-investors-embrace-green-thumb-industries-after-avoiding-medmen/#6dfc46055e76
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM