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Re: nycdream post# 12186

Thursday, 05/30/2019 5:55:07 PM

Thursday, May 30, 2019 5:55:07 PM

Post# of 23479
Yeah, the share structure could be better. If a reverse merger happens with Hempistry then the share structure will be on average with the other mj/hemp companies of 100 to 200 million OS.

Of some of the "tops", their OS's are...

Canopy is at 345 million outstanding
Curaleaf is at 457 million outstanding
and Aurora has a whopping 1 billion outstanding, trading at $8

But ideally I'd like to see at the max 250,000,000 outstanding. That said, of SGMD's 681 mil OS, 437 mil is restricted, 244 mil floating.

Of the following top ranked mj/hemp companies, their average market cap is $300 million. If SGMD had a market cap of $300 mil its pps would be around .45, that's a 1400% increase from their current price.

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