Who knows I didn’t calculate anything, just sifting through the articles. Micah with the Dow Jones report needs to go back and rewrite his garbage he threw out before opening bell, give it another shot.
Expected numbers to be better. Black market still selling flower, sales will increase as concentrates hit the shelves, let’s hope.
Using your numbers, I project out an annual revenue number of about $335m. (Assuming the same 75.7% growth qtr-qtr)
That gives a price/sales ratio of 16. (For comparison, AMZN P/S ratio is 3.77).
Q1: 29.7m Q2 52.2m (projected and reasonable) Q3: 91.7m (projected based on projected Q2 and 75.7% growth over Q2) Q4: 161.1m (projected based on projected Q3 and 75.7% growth over Q3)
I believe, aside from a huge revenue producing deal that doesn't include more dilution, the share price is pretty much capped in a range.
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