Replies to post #885 on Growgeneration Corp (GRWG)

[StevenRisk]

Record volume and a run at record PPS and nothing to say. See ya all Tuesday as we take a stab at record high PPS. Is $7 in the cards this week?

[remember my name]

Thanks for the info . Does anyone know what this stock is worth.
If I measure grwg up with others cannabis companies like cgc that trades
about 20 x sales . Grwg is trading at 3 x times sales . Just as a rule of thumb
A publicly traded company that goes into the Nasdaq usually trades around 5 x sales At worse.
The Hydroponic industry has been a commodity for years . This is the reason for its low valuation
On grwg . Put this slow growing Commodity has changed in 2019 . legalization of hemp has change this
slow growing Commodity into a fast and exciting industry . From cloning machines to expensive CBD machines to storage systems for cannabis . The hydro industry is growing faster then the cannabis sector and will continue to grow Faster for the next 5 years as pick and shovels are needed first and as the industry add states to come online .
10 more states are up for recreation in November . As we get closer the Cannabis sector will make a run.
Pick and shovels will be the biggest gainers as investor want long term growth stocks .
grwg hit a 200 million market cap , now money managers will really start to add grwg to their portfolios .
Canada cannabis index is one of them . They add U.S companies over $200 million market cap .
Even tho investor don't like companies in a federal illegal market , grwg don't touch the plant .
Make grwg a number one pick for 2020 and 2021 . Grwg grew top line rev by 60 percent and 166 percent
With acquisitions.
Grwg is a pure play and I believe is the only traded pure play in the Nasdaq .
Example :Pure plays like roku and Beyond meats. Hyper-growth stocks . Easy supply and demand .

Grwg trades 3x sales . Depending on what metrics you use grwg is cheap.
This year we will have Multiplier expansion. I predict more investors will have to seek growth
Because most stocks are overvalued and the cannabis sector is so oversold .
Grwg can easily trade 10 x sales and can go as high as 25 x sales .
Which would give grwg a 20$ to 50$ price target .
Since grwg is a pure play they usually get over bought and stay over bought for a long
Time .
In the gold rush the one that got rich were the ones selling the picks and shovels !