Thought I would share some of my research regarding the other Canadian listed MC companies. This should give some perspective as to where we will sit in comparison to the other established listings. There are ten companies listed currently. Here are there current market capitalizations to give an idea of the valuations the Canadian investors put on these stocks.
THC Biomed - 113.85m
Supreme Pharmaceuticals -270.79m
Pharmacan Capital Corp. - 197.98m
Organigram Holdings - 289.25m
Mettrum Health Corp. - 272.66m
Maple Leaf Green World - 78.49m
Golden Leaf - 48.12m
Canopy Growth Corp. - 1.3B
Aurora Cannabis Inc. - 740.05m
Aphria Inc. - 502.22m
Harvest One/MMJ entity - 57.14m (estimate)
All figures quoted from The Marijuana Index.
Interesting to note only one of these companies is actually profitable despite the massive valuations, that being Aphria Inc.
There's not a whole lot of point comparing us to Canopy/Aurora/Aphria at the moment given their massive valuations but next to Maple Leaf, which is valued around 20m more -
-They are currently only applying for a licence.
-Leasing a 80000 sq ft greenhouse.
Golden Leaf is an Oregon USA based cannabis oil extraction company. They seem quite well set up with revenue but don't appear to grow, so it's hard to draw a direct comparison.
There's a world of research that can be done here but I only have so much time. I feel that next to some of these other companies there is definitely room for share price appreciation once we get into gear.
All in my opinion and my own research.
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Price($) | Vol. | No. |
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