Target Group Inc (CBDY)

[BlueGreenPower]

That's a good question. The newly licensed facility alone is probably worth more than their market cap. The company is projecting 3,600 KG (3,600,000 Grams) per year in output, which at $5 per gram wholesale would be $18M in revenues annually. Possibly more because their partnership with Serious Seeds will give them access to the highest quality genetics available, that should bring top dollar market prices.

They do have a lot of shares outstanding, but the actual float is only 61,094,567 as of 11-14-19, according to the OTC website. The company isn't newsy, and needs to be more active on social media regarding their progress towards their first harvest timeline, but this share price doesn't seem to reflect the potential of a Health Canada licensed facility getting ready to grow premium craft cannabis.

Taking a starter position before they start making news again. This sectors valuations seem crazy to me. glta


Canary RX Inc., Awarded 3 Licenses from Health Canada to Cultivate, Process and Sell Cannabis Pursuant to the Cannabis Act

https://www.newswire.ca/news-releases/canary-rx-inc-awarded-3-licenses-from-health-canada-to-cultivate-process-and-sell-cannabis-pursuant-to-the-cannabis-act-885651894.html

Canary Rx Signs Partnership With Serious Seeds for Cannabis Seeds and Genetics Deal

https://www.seedbankmag.com/canary-rx-signs-partnership-with-serious-seeds-for-cannabis-seeds-and-genetics-deal/

Canary's 44,000 sq ft facility under construction. (Now complete & licensed)

Construction progress at Canary’s 44,000 sq ft #NorfolkCounty production facility $CBDY #Cannabis #CannabisCanada https://t.co/2Y3aYhRrUJ pic.twitter.com/sfALum29tF

— Canary (@canary_rx) January 29, 2019

CANARY CRAFT CANNABIS…ORGANICALLY GROWN

https://canaryrx.com/