last quarter we had a book value of 123 million and we made 3.9 million in earnings.
that is a return on capital employed of about 3.2% per quarter, and we are just getting started. That doesn't include oil production, Thursday's results will, it doesn't include a much larger Tweed farms - Thursday's results will - and it doesn't include a full quarter of Bedrocan operations although it includes the full weight of Bedrocan's book value and intangible assets
another way to look at it, last quarter we made 5 cents a share, annualized 20 cents a share. Without any earnings growth whatsoever we can expect our investment to appreciate at a rate of 7% annual, that is not too shabby if this were a stable company that made those earnings in cash instead of cannabis
in the end, look at the inventory - it came out of no where, and it WILL get sold - that is EARNINGS