Because they are the leading company (in Aus MC space) now in terms of rev, profits, and increasing cash on hand. Agreed with regards to the limitations of Australian market but they still have a chunk of it that they could still capture. If they were able to get their Schd 3 submission in and approved at some stage this would significantly change their addressable market size. They have also always mentioned their intentions to expand into Asia, so if that happens then that also increases their addressable market size.
And on another note, I think if they can continue to increase rev and profits then I would imagine they become a good takeover target..especially by Cronos Group - not far-fetched based on Cronos Group's track record of the last few years acquiring smaller companies.
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