GGBXF - Green Growth Brands: It Seems Very Expensive
With the acquisition of many cannabis operators, Green Growth Brands (GGBXF) seems to have seduced the market. The value of the shares has exploded up by 200% in a very short period of time, and the company decided to use the shares to buy more businesses. It seems to be a quite smart move. However, investors should be careful. GGBXF seems to be trading at 52x sales, which seems very expensive as compared to other competitors in the same industry. Keep in mind that the gross profit margin of the company does not