Don't worry about the short term price weakness due to the new share base. People don't know what to think of it unless they have enough experience. That's why I like to make comparisons to other companies in the same industry or in the case of "Planet 13 (PLTH)" a company they will soon leave behind in the dust.
Q4 (2021) 29.9 million gross
Shares outstanding 220 million
market cap 612 million
Always make your investment decisions based on 6 months from now to either make the best return or to not buy on hype at an inflated price.
Q2 (2022) 62.5 million pro rated on a basis of 250 million per year
Shares outstanding 234 million (post merger)
Market cap 143 million
SP 61 cents
When the higher revenues get declared watch out for a new base of more affluent & sophisticated investors. Maybe even an investment fund.
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