I'm not sure I would necessarily agree, isn't Canopy around 200MM or so? (shares) and just valued at $2B+ with very similar numbers?
I think the growth the next 2 quarters across the board are going to shock many (cultivation support for NV rec as well as CA recreational launch with an extremely large footprint under control). My recent take (on Q3) being something to the effect of that's "lunch money".
Unless one is directly involved in the industry, I don't think they're truly aware of what current and pending footprints (New Jersey cultivation) actually represent, of which "1,000lbs recently pulled down so far" from Panther is a glimpse.
Also recently stated, as someone who sits at a similar desk, is if I was posed the question of "where are we going to get the money for ____", my reply would be "What are you kidding me?, we're fine, we've got this".....
California recreational launch 49 days away with give or take 300k (sq. ft.) cultivation under control (and perpetual, meaning 24/7/365 production)....
Q3 was "lunch money", throw on cultivation to Nevada and CA launch with cultivation and the jumps the numbers are going to display are going to attract more than enough attention....Far more than other organizations in the same time period...
New Jersey, while (recreational) will be underway mid/late January (inauguration) is probably going to follow the norm, which will be January 2019 launch, with foundation laid between January-July (whatever) and then refined to proceed....
Point being (referring to R/S to 15-20MM shares), Canopy as above to best of my knowledge 200MM and numbers similar, so, I think that would be a stretch and unnecessary (getting it down as low as 15-20-25MM.......)
Sitting at a similar desk, I'd focus on all existing and everything laid out and the NJ and then see where those operations ended up ($) "full force" before contemplating any other actions....
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