Fiore Cannabais Ltd. (FIORF)

[artweed]

The Fair Market Value of Wholesale Retail Marijuana of $2,798 per pound by the State of Nevada Department of Taxation is a little high (no pun intended). If it were true, that would make LIHT's annual sales for both buildings at about $4.5 million. But pot prices have dropped significantly in the past few years, and for retail sales they're around $2,000-2,400 in the USA right now. This link looks at retail dispensary prices across the USA (it's too early to have Nevada's legal pricing):

http://budzu.com/prices

But even at the low end, that still equates to about $3.6 million in annual LIHT sales at full production. LIHT's market cap at this moment is $36 million, or ten times sales. Canopy is on pace for $120 million annual sales translating to a $1.2 billion market cap, and their market cap is ACTUALLY over $11 billion (almost 100 times annual sales). And Canopy's price-to-sales ratio is actually lower than many of their competitors! And they are bleeding debt out the nose and ears! Here's a couple articles on high market caps:

https://highenergytrading.com/tilrays-fundamentals-make-no-sense-why-this-is-the-most-overvalued-cannabis-stock/

https://www.bloomberg.com/news/articles/2018-09-12/at-90-times-earnings-weed-stock-valuations-are-sparking-jitters

And here are the stats for actual sales from the biggest US and Canadian companies:

https://www.newcannabisventures.com/cannabis-company-revenue-ranking/

So, with $3.6 million in annual sales, at "only" 50 times annual sales (half of much of the market), that would give LIHT a market cap of $180 million, which would translate to an 80-cent stock price. And that's just for the two small Nevada facilities. We know that this is just the beginning. LIHT will certainly be growing at an exponentially faster ratio than Canopy from this point forward.

So yeah, I'm going to sell a little more of my regular stock and buy some more LIHT!