Hi Guys,
For me this is the news that I was hoping for. Expansion on their existing land. And just great to hear C of O by the 4th quarter of 2021!
Capacity at 20,000 pounds per year. Increase of 150% capacity.
So ok new numbers to consider. Current run rate per Mike at $20,000,000 per year. And lets say by end of first quarter 2021 they are at $24,000,000 per year.
20,000 pounds per year future capacity / 9500 pounds per year current capacity = 2.22 times.
So, $24,000,000 x 2.22 = $53,280,000 sales run rate by the third quarter of 2022.
$53,200,000 x 3 times price to sales = $159,600,000
Lets use shares outstanding by end of next year at 180,000,000
$159,000,000/180,000,000 = $.89 price per share.
Buying more as funds become available.
GLTA
