I wouldn't be comparing to the 40 or so Medical Cannabis companies on the ASX, there's only 5 or 6 serious contenders that are vertically integrated with final product aim etc.
Althea have the standard licences that major players have here so no advantage there with the all important 'hard to get' manufacturing licence & relevant permits the big play. Depending when that was applied for it can bea 8-12month wait, & with Althea no growing facility yet built, good luck to receiving that licence soon.
To achieve $1B market cap in Aus you'd have to making considerable revenue/profit.
Tight register yeah so if it flew to $1 it would come back pretty quickly cos the few day traders know MC is the space for quick profit to be made.
Althea price will settle in 60c range after initial hype.
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I wouldn't be comparing to the 40 or so Medical Cannabis...
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