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Re: None

Thursday, 05/23/2019 2:10:18 AM

Thursday, May 23, 2019 2:10:18 AM

Post# of 18419
I believe I read a statistic that had Florida projections at 727 Million in Cannabis revenues for 2020.

If Trulieve maintained 50% market share of that figure, we would see revenues of 363 Million... or 90-91 Million per quarter entering into 2021.

With current revenues of likely 41-47 Million for Q1 2019, this seems completely reasonable to obtain in USD.

Now think about a profitable company like Trulieve bringing in those kinds of revenues, and imagine they used their whole 250 Million prospectus at 12 bucks a share even... 250mil / 12 = 20.8 Million more shares.

That would have us at 363 Million in annual revenues entering into 2021 with an O/S of 132 Million...

You do the math, thinking as an investor and not a trader, and see the value here.

All figures alone based in just Florida.