Lots of conduits to increased PPS, its true. I thought we'd hit low to mid 8"s last week but it held strong in the 9's. So, I think it will drop on Wednesday. I hope I'm wrong again, but I suspect sell on news may come into play.
Still, did everyone catch by the end of 2019 ACB expect to produce 500k kilo's or 500 million grams annually. The best I can get the profit per gram (under a buck to produce for them which is an industry leader I think)is somewhere around $9.00, although oils, medicinal, etc. have higher margins (even in the high teens in Euro's for some of the product). Conservatively lets say the average is around $10.00 a gram. Think about that? 5 billion profit just from the POT. Add hemp, drink, edibles, etc. and there is no reason this company couldn't be sitting on 7-9 billion a year profits in a very short horizon.
Take an average 10x earnings and it might not be unreasonable to see $80-$100 PPS by mid to late 2020. Take the current climate and recent runs perhaps I will be way wrong on Wednesday and ACB will see a TLRY charge because anyone who looks can see this story, imo.
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