Quotes from the news wire:
Most cannabis companies trading at nosebleed valuations are loss-making start-ups that are still trying to build out their distribution infrastructure and compliance, tPB already has the distribution, has a profitable core business with a proven management team, and has the regulatory background. If TPB traded at even a fraction of the valuation of other cannabis names, the stock would double overnight.
The cannabis industry is currently in its Wild West phase filled with both excesses and real potential, it's threading that path that's going to be interesting, and for the most part, we think there will be a lot of companies that blow up. There will also be a few companies like TPB that can capitalize on legalization. We're gonna be on the lookout for both.
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