Tuesday, January 08, 2019 4:50:34 PM
Yeah, yeah, let's dream a little later. But the fact that LIHTF has an all-time high that's that high is GOOD for current investors, as it will be a long time before shorts could ostensibly contend that LIHTF is unprecedentedly overpriced. When it hits $1.40 a share, then they can bitch...but of course by that time Liht will have the revenue to support such a price, so I guess it's all blue skies from here on out (note my sarcasm).
But on the matter of Nevada weed, the Budzu site I mentioned a month or two ago now has enough data from Nevada sales to establish Nevada's own sales page (joining dozens of other individual states):
http://budzu.com/prices/usa/nevada
I am encouraged by the sales prices achieved thus far and believe that we can reasonably expect $3.6 million in revenue...give or take...this year, which would put LIHTF's stock price at 65 to 80 cents per share if calculated at 50 times sales (Canopy is at 90-100 times sales). And as I've state before, Liht's growth prospects are FAR greater than Canopy's at this stage of the game, so a higher valuation is warranted. And I'm not even considering Washington state in my revenue projections!
So $1.40 a share is not just a pipe dream. Buckle your seats, ladies and germs. $2.00 a share is not just "crazy people talk." Right now, you have to consider anything under 30 cents a share an absolute bargain, and obviously more so at 20 cents a share.
Okay, maybe I'm dreaming a little now....
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