Thanks for sharing.Fits my DD about DTEA: I also mentioned that Unilever acquired Pukka for about $160m(est. 4 times sales as mentioned in your article).Pukka was doing $39m, DTEA doing X4. thats should be $640m. Co. has $90m Net Assets, $40M Cash. Immediate valuation per this alone is about $3.6/sh ($90m/25m O/S).
If Put CBD in their Tea, theoretically should be trading $100B, doing X10 Rev than $TLRY, net assets X3 either. Cash X2, MC only $55m.
they are already well settled and no marketing issue, 240 corp stores 450 Loblaws.
New CEO will be announced any time soon. CEO commented (Q2 Transcript a month ago) :
"we have made adjustments at head office to change our operations and our culture". "we are ready to find a CEO...just hired 2 ppl who work and are directors of Cannabis Co. One is Anne Darche.
Ms. Darche serves as a Director of Groupe Germain Inc. and 48North Cannabis Corporation.
Btw, CEO owns 46% at an average porchase price of $21.1/sh. he hasn't sold even a single share . I believe it could be a life changer investment.
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