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BlueGreenPower

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BlueGreenPower

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Friday, 07/17/2020 9:06:23 AM

Friday, July 17, 2020 9:06:23 AM

Post# of 14223
Interesting article on current cannabis company valuations.

https://mjbizdaily.com/more-cannabis-estimates-cuts-in-second-quarter-jeopardize-investments/

From the article-

Valuations have also expanded off the lows, with the U.S. companies trading at about 3.5X 2020 revenue and the Canadian businesses maintaining their premium valuation at about 5.0X 2020 revenue.

Those multiples are up from lows of 1.6X and 3.5X sales for the U.S. and Canada, respectively.

Do the math for us Harpo :) NGW looks undervalued to me... glta

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

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