Wednesday, March 06, 2019 2:40:40 PM
This means Instant revenues for North Bud to the tune of 11.5 Million!! Keep in mind this is based on 2018 numbers and only California and Colorado.. Think of potential revenues for future licenses in additional US states and then in Canada. Eureka is THE cannabis vaporizer right now, the first, the best and proprietary technology surrounding their processing method. Also, for those who enjoy reading between the lines.. North bud gave Eureka shareholders the eligibility for an additional 25 mil in shares IF they can achieve revenues of 25 mil USD (33,618,625.00 CAD) They wouldn’t give this option for nothing in my opinion I can only think that this is a goal set for 2019 as the reported revenues in the release were for 2018. Buckle up ladies and gentlemen we should see $1+ short term imho :) cheers to those who’ve had the patience to hold this the last few months while management was clearly hard at work behind the scenes. It’s about to pay off!
Read more at https://stockhouse.com/companies/bullboard?symbol=c.nbud&postid=29449905#hSJl68ytVb3VaFkx.99
I agree!! $11 mill in Revenue should put us a little over 100 mil market cap alone at a multiple of 12.
Yup and that’s only factoring in Eureka and the two US states it operates in. That valuation wouldn’t take into consideration future States they would be in and what about North Bud itself and what we have going on in Canada? And then what about Eureka when it comes to Canada likely this year? This is extremely exciting news for those who understand the big picture. This transaction has the capability to put us into the 100’s of million dollar mkt cap.
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