Ann: RotoGro to Acquire 100% of Canadian Lawful Cannabis License, page-22

Canopy has an Enterprise Value (EV) of C$10 billion representing 111x revenue versus Aurora's $8 billion and 69x revenue. (nb Mkt cap $15b, $8b respectively) - from the link below you can see most Canadian MJ companies have similar valuations.

In one of my earlier posts I put out some back of the envelope figures based on profit if RGI developed around 50% of their planned facility based on conservative PE ratios. If you use the same metrics as the Canadian market values Canopy & Aurora, we’d have a market cap of $5 billion to $8b or $50 to $80 per share. (using $8 gram, 9000kg pa, 20,000sq ft)

Now I don’t for 1 minute expect the market to value us that way, however it does put perspective on our ridiculous current market valuation, assuming this planned facility goes ahead. After spending $11m on a license, I can see no reason why they wouldn’t prioritise this project and get it up and running ASAP. Of course I'm talking about the MJ side alone without even considering the massive fresh foods market.

https://seekingalpha.com/article/4223862-canopy-aurora-just-better-quarter?isDirectRoadblock=true