I find it baffling that LGP can be valued by the market lower than AusCann (AC8). Here is my quick comparison between the two. Am I missing something? Seems to me LGP is undervalued.
LGP v AusCann
Market Cap
$51m v $73m
2H 2020 Revenue
$716k v zero
Growth rate
20% per month v zero
2H 2020 Burn Rate
$4.1m v $3.4m
Products in Market
4 v 0
Cash on Hand
~$10m v $26m
Production Capacity and Timing
LGP: 110,000 bottles or 1750kg of dried flower per annum to commence in 2Q 2020. Current capacity is ~200-250kg / annum??
AusCann: none - all outsourced
Breakeven expectations
3Q 2020 v no timeline given
