Just noodling around on the intertubes waiting for the inevitable pause in trading got me to wondering about the big players in the canadian scene.
Canopy growth is the biggest weed stock in the world with 343m units trading at an average of around $60 cad. giving them a mc of $21b. revenue is circa $40m! this strikes me as a big price based on revenue.
Looking at THC's potential, do you think it would be fair to say that "we" would one day be able to trade around those numbers? given we have half the number of shares on issue and the production capabilities afforded by the QLD plant at full scale, combined with the farm to pharma approach and our developing inroads to the asian market.
l'm only new to analysis on companies but it feels like I'm missing something big that will see us not reach those lofty heights over time. don't get me wrong, I'll be absolutley thrilled to see $1.50.
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