There definitely wouldn’t be much lower MMJ could go considering the fact that the company is now made up of entirely investments in other companies, rather than running things themselves.
On a per share basis (undiluted) surely these investments stack up close to 30c AUD per share, taking into account the current AUD/CAD exchange rate. This isn’t even considering all the options and warrants they hold as well.
Considering some of these investments (like fire & flower, cannabis access etc.) are not publically listed it would be hard to work out their current valuations, but I’m assuming cost price is definitely a conservative estimate of the lower bound.
What we need now is a tick-up in Canadian cannabis stocks, which would definitely translate into MMJ gains.
Would be curious to see if somebody could compile a list of MMJ’s investments, converted to AUD on a per share basis to give an estimate as to what were dealing with. Also adding an estimate of what our cash position would be.
CappMan
MMJ Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
