Monday, March 17, 2014 4:40:07 PM
Look with approximately 3.4b shares outstanding, $5 puts ERBB at a little over $15b.
Facebook is valued at over $140b and the company barely makes $1b in profit after operations/liabilities. Stupid little fad mobile apps with paltry revenue streams are selling for $10b at the drop of a hat. There is a lot of big money pools out there looking for new industries. And MJ is by no means a new product so the customers and demand are establish. Colorado made over $2m in taxes revenue from the first month of recreational legalization. AND THAT WAS WITH ONLY A HANDFUL OF RECREATIONAL SHOPS THAT REGISTERED IN TIME FOR THE JAN 1 OPENING DATE. This market is enormous.
With a specialized grow technique, a networked vending machine and a health supplement line, ERBB could easily be valued at $20b in a few years with revenues in the $100s of millions.
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