The talk about hydrofarm should be highlighted. Saving money and limiting dilution is obviously the play here but on top of that Derek discusses their plan to ipo onto the nasdaq.
Trtc invested 5M for 3.3% so ~150M was the valuation. From what I’ve found they are bringing in around 20M in revenue annually (https://www.owler.com/company/hydrofarm) but not sure how accurate it is.
We all know the crazy multiples cannabis companies attract and this could be another creative way to secure non toxic funding. Take a look at Tilray and cronos market caps. Take a look at the revenue.
This could definitely attract the crazies and shoot to 5-10 times where Derek invested, maybe more based on the crazy overvaluations we are seeing in the legal businesses. I’m happy to be an early investor :)
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