Cannabis IPO Watch CA and US

[Deewar25]

As a comparison, you really a perfect storm here for monday for CVSI - Charlottes Web is a direct peer, EXACT same quarterly on their last report as CVSI recent one, and they are getting valued at 620 million at $7, then earnings with CVSI have a run rate now of 0.14eps (even with no improvement) puts it only at a forward PE of 21 - this sector, this growth, 50 is totally fair - thats a $7 stock. Based on Charlottes Web, I think a 500m cap would be considered conservative since we are comparing 3 months back, well that is $5.40.

As fundamental goes, this is a $6-7 stock now IMH...it IS OTC however, and no one gives a crap about fundamentals anymore, but I am saying, on paper, that is a fair price and you can actually calculate a rationale behind it!

They don't need the RS - that 3.2m net decided that IMH, its just too many chartist have no friggin clue how to actually value companies so they 'get in the way' with their one dimensional thinking.

Give it time, north of $5 by end of summer IMH if not sooner.