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Street Smart

03/27/19 5:46 PM

#4219 RE: MagicCap #4218

3x larger for a reason. several big reasons. Its never too late to buy a great company. it will be 10x higher soon enough

DarthYoda

03/28/19 1:14 AM

#4230 RE: MagicCap #4218

Simply put, based off of Net Tangible Assets alone, CWBHF should not be valued 3X higher than CVSI. It should be valued 5X higher.

That's totally ignoring all of the other obvious operational and qualitative differences. These are Q3 numbers below of course, but tomorrow we can compare Q4 and 2018 for both. Keep an eye out for CWBHF to have more than double CVSI's number of retail locations.

CVSI
Total Assets:
31,037,379
Total Liabilities:
5,282,877
Net Tangible Assets:
19,156,552


CWBHF
Total Assets:
110,382,000
Total Liabilities:
14,216,000
Net Tangible Assets:
95,719,000

https://finance.yahoo.com/quote/CVSI/balance-sheet?p=CVSI
https://finance.yahoo.com/quote/CWBHF/balance-sheet?p=CWBHF