Yesterday, the country's biggest marijuana producer, Canopy Growth, which was an early entrant into the medical marijuana market, announced its third-quarter revenue had doubled compared to a year ago. As of Dec. 31, the company already had 701 employees, and a Canopy representative says they have hundreds of job openings they are hoping to fill across the country.
Trying to figure out a justifiable share price on complete financials based on Bruces recent interview with CBC. He said add another 0 to the quarter as in 220million a quarter. Yet I feel like he can still surprise us, he is sly like that.
Lets say it is 220mil per Q meaning 880mil for the year. If they can net 3 eighths to half of that at $330-440mil ÷ 220mil ish shares outstanding then you have an EPS of 1.5 - 2. Assuming a P/E ratio of 40 (which I believe is conservative considering the industry growth and most of the ratios currently being in the 100s) you're looking at a justified price of 60-80 per share. Not factoring in hype or the extreme expansions into edibles the following year, and international sales which give them greater costs per gram. That is conservative IMO. Correct me if something doesn't add up.
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