It's easier to be happy since we got off the lows and have upward momentum.
Being back in the green is good. 2019 definitely will be a better year at LIHT. The whole cannabis industry fell since last January...and seems to have turned the corner on Jan 2. And starting the next wave up.
LIHT has Canada fully funded....and working on a fully funded deal in Washington state...that leaves the potential they could look for a non dilutive form of funding for the 20,000 and 30,000 sf buildings in California also.
If that were to happen...that would allow LIHT to focus our funds ($20 million loan, plus any revenues) on the Vegas buildout. In reality, we really only need financing for the 65,000 sf building (phase 2) in Vegas...after that revenues should sustain the company...and further expansion in Vegas ( phase 3).
The less financing we have to use...the better. The 65,000 sf building alone, should generate at least $20-30 million. That can build more Vegas buildings. A 300,000 sf operation in Vegas should generate at least $100 million. Forward revenues times a very low rate of 10 would be a billion dollar valuation...or a 50 x would be $5 billion.....that's just Vegas potential. Our complete Vegas operation should make this a $3-15 dollar stock. That's why I'm so adamant about getting Vegas built out completely and operational. Vegas is the crown jewel....everything else needing funding, is a drain on the crown jewel.
It's starting to appear LIHT thinks that way too.
GLTA
GET LIHT...BEFORE THE PARTY
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