Current market cap only covers the cost of the manufacturing plant. Does not take into account:
- Hydrophonics business
- Contract Processing
- Growing sites
- Canadian Operations
- Cost of all the fn permits/licences
- 2yrs for competitor to build a similar plant, then apply for permits
- etc, etc, etc
Many US and Canadian stocks have far less than what we have and have a cap of 100x more than us. Hence the weakness in their SP.
Hope to see some THC local and overseas offtake deals soon.
That should set the cat among the pigeons.
.
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