If someone wanted to buy us...they would look at our future earnings potential. In the cannabis industry it's still too early to judge by forward earnings potential...however revenue potential is one of the methods the industry has been basing valuations on.
Based on revenue potential by the end of our licensed buildout... We would be worth $ 1-10 billion by then. I want to stay on the low side of expectations but $ 300 million in future revenue potential for 600,000 sf of cannabis production seems attainable. IF that can be done, by us or a partner....then a $ 1 billion dollar valuation would only be 3X forward revenues...that is a very low multiple considering the industry is now near 40X forward revenues. I think my valuation of the company at buildout potential....of $ 1 billion is very conservative. Using 10X forward revenue potential MRPHF would be $ 3 billion. Using 40X would be $ 12 billion...which is the current market cap of Canopy Growth...which coincidentally has $ 100 million in revs this year and coincidentally around 600,000 sf of cannabis production.
If MRPHF was worth only a billion dollars to a buyer...the stock would be around $ 5.00.
It's hard to pinpoint our exact value at the moment because we are not there yet as far as our buildout or a partner/ buyer. We are however....ripe for the picking.
So....today we are worth 15 cents a share...tomorrow or any day a partner/buyer shows up with cash, and the intent to beat the other potential buyers to the deal...the valuation suddenly changes.
I can't predict the actual numbers....so I accumulate as many shares as possible. Got more today too.
GLTA
WATCH US GROW...MRPHF
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