Forum

Welcome to the Cannabis Investing Newsletter Forum. Feel free to find your favorite cannabis stocks and contribute content as you please; content that continues the discussion of and analysis of cannabis stocks. – D. H. Taylor

Notifications
Clear all

MariMed MRMD Stock Much Higher Than I Originally Thought


D. H. Taylor
(@cannabisinvestingnewsletter)
Member Admin
Joined: 1 year ago
Posts: 263
Topic starter  

MariMed MRMD Stock is starting to take off.  MRMD Stock is pushing higher and higher and it could be that the price I had hoped to add in some more shares may be long gone.  However, in the meantime, management has called for some $100M in revenue for the year with $30M in EBTIDA profits.  And, this could push the stock upwards to $5.00, $7.50, or higher.  But, management is also consolidating core companies under one company with revenue to hit anywhere from $200M - $300M.  With the same EBITDA profit percentages, this pushes the potential of $MRMD far higher.  So, I wanted to break down this potential to show what is possible.

MariMed MRMD Stock Chart

After a long selloff, the stock settled down around $0.10.  Then, after February's push higher MRMD stock moved downwards to $0.60.  I had price targets of some $0.50, $0.40, and lower.  The general cannabis market had been selling off more and more.  But, MRMD Stock has pivoted to the upside.  Here is a broader look at the market:

This topic was modified 3 days ago by D. H. Taylor

Quote
Share: