depends on how long you want to hold.
long-term. 1+ years this will be over $1, IMO sure deal, that'll be a 15% tax on return and it'll give the opportunity for the company to show it's revenue stream.
California is huge state and if they go commercial and this company has a commercial dispensary license deal already in place it'll bring in ridiculous revenue. Billions per year.
My only issue is that it is currently only a LOI which doesn't really mean a damn thing. If they can close that before or at least bring the details forward this will explode.
But, this will go over $1 (within 1 year) without an R/S IMO if/when the California recreational law passes in 2 weeks.
Just a matter of how long you want to hold.
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