Thursday, September 23, 2021 10:57:12 AM
As for Bynd multiplier yesterday (RBC site) the multiplier was 15,8.
Assuming the same multiplier for BABYF, current market cap would be justified by (185,000,000/15,8) $12,000,000 sales for total next year (that's only $1,000,000/mth) i.e. between July1,2021 and July 1 2022.
I personally believe that sales for (Q3 and Q4 2021) +(Q1 and Q2 2022) should easily justify a market cap of $550,000,000 based on sales of $35,000,000 (using above multiplier). The great effort in developping marketing/sales channels during the last year or so will have to produce a lot.
In addition, uplisting to TSX (at least) should bring in additional institutional investors and that will be a great news also.
We shall see. GLTA
Patiently,
Roger
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