They are spending a ton of money. And margins aren’t gonna look good cuz they’re only retail right now. I still haven’t found their quarterly statement, all theyve revealed is how much they made, not how much they spent. Why didn’t they mention that last part lol?
This company is valued at around 130M. Mmn is around 2B. This company is about what is in the pipeline more than what they have now. Mmn will be the dominant retail force in Cali. There is a lot of room and money in that economy for trtc to thrive and that rev number is impressive but keep in mind they are first movers and competition will soon open up. When you compare this companies projects to mmn you see both companies will be similar in size. Yet look at valuation.
Lots of people here give management flak for how they make money but this co has become much more responsible growing margin while not having any wholesale footprint. Management locking up shares, controlling dilution. Making very savvy deals that don’t require too much capital.
Add in nj which literally stated that a history of business and presence in the community is a weighted piece to their decision making. I just think the upside is huge if this company scores nj. Trtc will be everywhere and it will legitimize this company as a future household name. It’s clearly always been the plan here to focus on nj. The little lettuce company is cute but that facility is a cannabis facility. Derek has stated they are lobbying and helping shape the policy. I don’t think mmn is even looking at nj seriously.
It’s a gamble but come nov 1st when nj announces the next 6 companies. If trtc is one of them this will be over $10 imo and have a mc of at least 1 B. Keep in mind there is an anti dilution clause in their financing. Only requires a mc of ~800M. Idk I’m a gambler and I see so much more upside with this company. Also a ton more risk. We will see if company executes.
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