Probably between $1 and climbing to $2 in the short term as sales and cannabis products market grows from $52 mill/annum to $2B/annum projected by 2030. Value is based on all info taken from prospectus , rough figures ok so : 115 mill shares went to Health House UK for the vend ( these shares won't see the light of day) Aprox. 25 mill shares to the rest Total roughly 140mill SOI @ 20c = $ 28mill MCSales so far ( combined UK & AUS ) again taken from prospectus = $800K/month so let's say $10 mill/year ( prospectus states these sales were based on November 2020 sales data & sales are increasing on monthly bases) $10mill/Y sales at a very low & moderate 10X PE ratio gives us $100mill MC = aprox. $1sp imo
The 10X PE ratio is obviously very flexible and could be a lot higher, the market will determin that, Tesla has a 1700X PE ratio ( I'm not comparing us to Tesla but) this is the potential upside of any company with sales of a product in high demand.
Pumped about this one. As always DYOR
HHI Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held