I'm a moron. That's what I get for trying to post while doing other things at the same time. What I posted was:
I'll repost the math here. Understand however, ANYTHING is possible. Having said that, the historic average of other Cannabis stocks has been roughly 3 to 7 times their revenues.
Therefore:
If 3 X Revenues it would be: 3 X 30 million Divided by 140 million shares. 3 X $30MM = $150MM / 140MM shares = $1.07 / share
If 7 X Revenues it would be: 7 X 30 million divided by 140 million shares. 7 X $30MM = $210MM / 140MM Shares = $1.50
BUUUUUUT, anything is possible.
The first formula is wrong. It SHOULD have read 3 X $30MM = $90MM divided by 140MM shares = $0.64 / share
The other formula is correct.
So, the range should be $0.64 - $1.50 / share based upon $30,000,000.00 in annual sales.
