Cannapharmarx Inc (CPMD)

[ChrisJohnson18]

Gary Herick Cannapharmarx CPMD looks promising
The 48,000 square foot production facility in Hanover, Ontario is nearing completion. The property includes 6.7 acres of land and a 48,750 square foot building that will be new construction purposely built for cannabis production with an estimated annual capacity of 9,600 kilograms. The building's interior 20 grow rooms are expected to be ready for use in the first quarter of 2019. Forecast sales from this cannabis production facility (first harvest) are anticipated to start in the third quarter of 2019.
This Hanover acquisition was referenced in the CPMD 8-k filed with the SEC in November 2018.
Compared to existing Canadian cannabis production companies, a 48,000 square foot facility that harvests 9,500 kilograms of cannabis each year could generate an estimated $50million in annual revenues and around $19million EBITDA. Based on the assumptions sourced from the company's November 2018, 8-k filing, CPMD stock seems undervalued today.