Their Assets are close to 102 mil, especially when CA and NV Rec legal very soon. Its less the 2X which is very low compared to most stocks !!!! I thought you said you were CFO ? maybe a lemonade stand.
Well, the problem at this specific point in time with making any reference to any value whatsoever is the valuation of 4 operations in Nevada changes in 37 days. Dramatically. There is no debate. A recreational facility is worth more than medical. Period. Location and revenue would then dictate how much, as well as the fact that a premium is easily placed on top of those 2, as has already been seen by what licenses alone can (and do) command.
6 months the very same applies to CA. 7 months the very same applies to NJ.
There simply is no disputing the above, and the more they pull, the more they will be worth.
The application and licensing process alone is a business in itself. (apply, win, sell).