Below is an excerpt from an article about a marijuana growing company. The companies mentioned are in a different field within the cannabis category but the sales dollars compared to market cap is worth noting.
Surna had revenue in 2018 of $9,581,968 but has fallen off the radar of the speculative investors. The sales revenue is almost equal to the market cap ($14 million). No outstanding debt. The low market cap of Surna compared to sales was mentioned in the conference call by one of the callers.
here is the excerpt;
"The valuations in this growth industry are impressive, most companies being valued as a product of their current and future sales as they all scramble to capture as many accounts as possible before turning to the bottom line. MariMed Inc. (MRMD) has a $750 million market capitalization and revenue of $9.9 million in the trailing twelve months. Tilray (TLRY) has a market capitalization of $6.7 billion and revenue of $32.7 million in the last twelve months. Cronos Group (CRON) had only $11.71 million in TTM sales yet has a market valuation of $3.77 billion."
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