InvestorsHub Logo
Followers 7
Posts 1303
Boards Moderated 0
Alias Born 03/08/2019

Re: None

Friday, 03/06/2020 10:09:41 PM

Friday, March 06, 2020 10:09:41 PM

Post# of 13
ZENA's competition during earnings season.

New Cannabis Ventures calculates ZENA as a Tier 2 cannabis company based on revenue. Along with TerrAscend, Emerald Health, WeedMD, Vivo, Delta 9, and Supreme. This is ZENA's competition, not Canopy, or the other larger Tier 1 LP's. The metrics of ZENA's LP peer group is what I'll use for evaluation. Everything else is just wishful thinking.

Supreme reported 9M net revenues, with a 17M net loss. ZENA's sp is .09 CA, Supreme's .27 CA. If ZENA can beat Supreme's numbers with one third the share price, and close to the same O/S, that would tell me something useful. If ZENA can break 10M in cannabis revenues they would move to Tier 1, which would be good for the exposure with the big boys. Believe they might make it this time. We'll see soon :)

Canadian Cannabis LP Tier 2 Index

https://www.newcannabisventures.com/canadian-cannabis-lp-tier-2-index/#constituents

Posts are my opinion only, and not advice of any kind. glta

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.