Medicine Man Technologies Inc (SHWZ): JD mentioned 100 stores in Co currently...

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Medicine Man Technologies Inc (SHWZ)

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Wednesday, 08/24/2022 7:05:02 PM

Wednesday, August 24, 2022 7:05:02 PM

JD mentioned 100 stores in Co currently @ 23 , costs would stay contained because the SG&A would be lower as a % of revenue JD mentioned they would be doing about $600M annual revenue, in 2023 there projected EBTIDA is 38% assuming in 3 to 5 yrs they could hit about 40 to 45% EBITDA, that is about $240M - $270M in EBTIDA, this is only the Colorado portion Add New Mexico JD mentioned they could be doing about $200M annual revenue, $75M - $90M in EBTIDA . $20 to $25 per share, best guess in 4 yrs ?

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