Added to YB: 2024-03-08
Pitch date: 2024-03-07
GRIN.CN [bearish]
Grown Rogue International Inc.
+20.29%
current return
Author Info
Okapi is a former hedge fund analyst who focuses on Consumer and TMT Stocks. Sign up for the newsletter.
Company Info
Grown Rogue International Inc., through its subsidiaries, engages in cultivation, manufacture, possession, sale, and distribution of marijuana in the United States.
Market Cap
CAD 110.9M
Pitch Price
CAD 0.69
Price Target
N/A
Dividend
N/A
EV/EBITDA
168.77
P/E
-22.51
EV/Sales
3.53
Sector
Pharmaceuticals
Category
N/A
The Thursday Thesis: Grown Rogue International Inc. - $GRIN.CN
GRIN.CN: Overvalued at 10x EBITDA for capital-intensive cannabis; survivors may benefit near-term from dried up capital, but MI expansion is risky with large black market & high flower prices likely to fall, especially when OH goes live in '24.
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