Shares should bounce higher then trade further lower to 11.50 area over the next few months. Weed goes legal across Canada on October 1. My expectation is that the lows will be in around the first two weeks of October. The Company generated $79 million CAD during FY17. Shares outstanding are 177.3MM at FYE17 putting market cap at $4.3 Billion when adjusted for...
Short trade analysis is technical in nature.
Fundamentals do not support current valuation of $154 Billion. Price to book and price to sales of approximately 38.5x. DTW is 4.3x at FYE17 up from 2.7x at FYE14. The Company is using debt to fund proprietary show productions.
