Tuesday, October 23, 2018 10:00:01 AM
One contract now in place for 500,000 pounds in 2019 for $36-57 per pound (USD). If I use $40/pound as an average then revenues from the total 2.68M pounds will be over $100M (USD)!!!
And this does NOT include any revenue estimates from their Cali or Washington properties. Plus no estimates yet for their Isolates that are currently being produced from the 2018 harvest in Nevada.
If I assume a margin rate of only 20%, this comes out to ~$20M in profits just from Nevada hemp.
For illustration purposes I will assume OS next year of about 140M shares.
That gives earnings per share of about $.14 (USD). With a PE ratio of say 20-30, that would give a share price of from $2.80 - $4.20 per share (USD).
Next year will be a very good year for CRXPF/CROP shareholders imo!!!
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