Hi Guys,
Great news this am for the Cannabis sector and all Cannabis companies.
TLRY and APHA are merging into one company.
Well for me this places a base line valuation on the Cannabis space.
The combined company will have market cap of 5 Billion Canadian dollar.
Also the price to sales are currently as follows.
TLRY P/S = 4.56
APHA P/S = 4.87
And both companies are loosing money.
Sure they will own the majority of their market place and there is considerable savings projected for the combination of these two very large Cannabis companies.
So now for me NGW has a new valuation. And should be moving soon into a price to sales of at least 4 times.
Mike projected annual run rate to be at $20,000,000 per year. At 4 times sales NGW would have a market cap of $80,000,000.
And the share price would be projected to be $80,000,000/170,000,000 shares outstanding = $.47
So there you have it guys,
Just sit back and enjoy the ride up in share price from this point.
Buying more as funds become available.
GLTA
Bu
