HQ: Las Vega, NV
Incorporated: 2001 as Growblox Sciences. It changed to GB in 2016.
Facilities: Baton Rouge LA.
Symbol: GBLX (OTC)
Focus: Neutral (not unique)
This cannabis company focuses on cultivating and producing medical cannabis; as well as biopharmaceutical R&D. Its goal is to create pharmaceutical-grade CBD therapies for a variety of medical conditions. It is developing technologies in plant biology, cultivation, and extraction techniques, which are combined with biotechnology. It plans to produce medical-grade cannabis, cannabis concentrates, and cannabinoid therapies.
Market Cap: $61 mil
Enterprise Value: $73 mil
# of employees: 6
Should you invest in GB Sciences – GBLX (OTC)? Recommendation: See Below
Operations: Weak (not yet proven or large)
The total US cannabis market, including the black market, is now roughly $50 billion (6 million kgs), with the legal fraction about one-tenth, or $5 billion. This is currently split 50/50 between medical and rec, though rec sales will grow much faster in the coming years.
Financials: Weak (revenue too low)
CEO: John C. Poss
The company does not yet have brands in the market.
Valuation: Strong (not priced for huge future revenue)
Current share price: 0.30
Price to Sales: 16.2 (Pharma industry = 7.5)
EV / revenue: 20
All cannabis and hemp companies are risky due to the young nature of the market. This company is especially risky because it does not yet have proven products, revenue or income.
GB Sciences had revenue of $1.3 million for the quarter and $2.4 million for the year. It is priced for revenue 2.5 times its current revenue. Since its recent quarterly revenue is more than previous quarters, we estimate its current annual revenue pace to be between $7-15 million per year. Thus it is priced for revenue of about $17-30 million.
About Cannin: Cannabis and Hemp Investment Experts
Market analysts expect the cannabis and hemp industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in cannabis and hemp stocks is now! Are you looking to buy stock in hemp companies or cannabis companies? Interested in emerging penny pot stock companies? Looking for the best Canadian pot company to invest in? Cannin is your trusted resource for information about Cannabis and Hemp stock investment opportunities. Our global team of experts evaluates emerging cannabis stock investing companies. We aggregate hundreds of hours of research and distill it down to make it easy for our investors to understand. We provide tips on the best cannabis and hemp stock investments for 2020. We provide the latest hemp investment news and analysis. Visit our site for cannabis investing news and featured companies, sign up for the free Cannin Chronicle or get a free trial of our smart cannabis and hemp stock algorithm to take the guesswork out of profiting from this exciting industry. Predict the price of cannabis and hemp stocks hours in advance with our machine learning algorithm. Is it too late to invest in marijuana? No! This is the perfect time.
Profit from the best Cannabis and Hemp stocks – we’ll show you how at cannin.com