He doesn’t understand that different industries have different valuation metrics...
He’s comparing the valuation of a big box brick n mortar store in the retail industry to a leading supply provider in the young and rapidly growing cannabis industry.
A 10x valuation is very low in the cannabis industry. Especially when you consider the fact they have no debt, rapidly growing revenues, and profits... which almost none of their other competitors have!
He’s not taking into account anything that sets us apart and makes CVSI poised for years of leadership in this highly lucrative space, that is only just beginning to grow.