CGC - National Access Cannabis: Massive Revenue Growth Acceleration
With triple-digit revenue growth q/q in the three months ended November 30, 2018, National Access Cannabis Corp. (NACNF) should attract many cannabis investors. Having mentioned this beneficial feature, the company trades at 12.44x forward, which is higher than the multiple of many competitors. While the valuation can be justifiable as revenue growth and gross profit margin are large enough, the upside potential is limited. In 2019, the EV/forward sales could increase once new retail stores open up. However, the current financial figures don’t represent a clear investment opportunity.
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Founded in 2015 and