BUB & WHA are two speculative infant formula players, both...

BUB & WHA are two speculative infant formula players, both recently peaked at around $500m market cap.
BUB focus on goat infant formula and goat adult milk powder.
WHA currently has normal cow infant formula, developing goat infant formula and organic infant formula, raised $53.9m @$1.25/share plus $20m loan from Mason. My assessment, WHA should be given higher valuation than BUB.
Currently BUB's market cap $322m, WHA's market cap $243m.