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No big deal in 2013...................
though more than a dozen lined up enthusiastically to buy bags of weed from Breezy's friends, sold through a hole in the wall of the museum compound.
https://www.theguardian.com/world/2013/sep/09/jamaica-ganja-tours-draw-tourists
1.40 mins in...........................
https://www.youtube.com/watch?v=gudMdoL6mr8
Doc's Place Negril
No booking options from our partners. Contact accommodation for availability.
https://www.tripadvisor.co.uk/Hotel_Review-s1-g147313-d9598747-Reviews-Doc_s_Place_Negril-Negril_Westmoreland_Parish_Jamaica.html
https://www.tripadvisor.co.uk/Hotel_Review-g147313-d9598747-Reviews-Doc_s_Place_Negril-Negril_Westmoreland_Parish_Jamaica.html#REVIEWS
https://www.tripadvisor.co.uk/Hotel_Review-g147313-d9598747-Reviews-Doc_s_Place_Negril-Negril_Westmoreland_Parish_Jamaica.html#photos;aggregationId=&albumid=101&filter=7
London, October 18, 2018: AfriAg Global PLC (“AfriAg”or the “Company”), the substantial London-quoted global food and logistics group, focussed on the agricultural and medicinal cannabis sectors, has today acquired 546 Tilray Inc (NASDAQ: TLRY) shares at US$146.439 per share for a total of US$80,000 or GBP61,000.
https://www.google.com/maps/place/Doc's+Wellness+Center/@18.2786167,-78.3600843,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipNaase23vVKih9f_IoBO2euzvOLfRc6tGdSPEeA!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipNaase23vVKih9f_IoBO2euzvOLfRc6tGdSPEeA%3Dw360-h449-k-no!7i2026!8i2531!4m5!3m4!1s0x8ed90d9717523155:0xa47972a915378358!8m2!3d18.2786167!4d-78.3600843
https://www.google.com/maps/place/Doc's+Wellness+Center/@18.2786218,-78.3603579,93m/data=!3m1!1e3!4m5!3m4!1s0x8ed90d9717523155:0xa47972a915378358!8m2!3d18.2786167!4d-78.3600843
The Company holds a 40% interest in agri-logistics group AfriAg SA (Pty) Ltd (“AfriAg SA”)
Not a very big place..................
https://www.google.com/search?q=doc%27s+place+jamaica&rlz=1C1AOHY_en-GBGB708GB708&tbm=isch&source=iu&ictx=1&fir=dZK0Em4ov4QRLM%252CAAAAAAAAAAABAM%252C_&vet=1&usg=K_1mCrjDbQFVJEEiwnRq_hAE23F9U%3D&sa=X&ved=2ahUKEwjWy7OVo8HjAhWSilwKHf0eA10QuqIBMAp6BAgPEAY&biw=1024&bih=655#imgrc=_&vet=1
OK so im doing some digging, they are working towards a Tier 3 licence according to last RNS, which means they have a Tier 2 that they have maxxed out or are close to maxing out at 10,000 square feet, basically 100 foot by 100 foot.
Im looking at acquisitions of similar companies and looking at the square footage to gauge value:
ICC Labs (9 or 10 times the size sold for £175m~ / £17.5M value to what Apollon has):
- "But its recently announced purchase of ICC Labs, with 92,000 square feet of existing production"
- "Then on Monday, Sept. 10, Aurora announced that it was acquiring ICC Labs (NASDAQOTH:ICCLF) for 290 million Canadian dollars, or $221.9 million, a 34% premium to its 20-day volume-weighted average trading price."
Tilray: (almost 100 times the size £3.37B / £33M value to what Apollon has)
- "Tilray had approximately 850,000 square feet "
- Market cap $4.22B
OrganiGram: (around 50 times the size £800m / £16m value to what Apollon has)
- "Its grow facility in Moncton, New Brunswick, only spans 480,000 square feet"
- Market Cap $1.31B CAD
HEXO Corp: (around 31 times the size £1.02B / £33M value to what Apollon has)
- "Already working with approximately 310,000 square feet of capacity at its Gatineau, Quebec"
- Market cap $1.67B CAD
but then we have the advantage of being farm to fork, producer and seller. Also, as a smaller company we grow quicker??
Any views on this would be greatly appreciated.... please pick apart what I have said/worked out as this info is useful to all of us
OK so I have been playing around in my head with the numbers to work out if this Apollon investment is the saving grace and was worth it:
We have 2.3% of a business valued at £40m, we have 45% of a business that is already revenue generating and has done nothing for us that techincally we have a lot more control over in terms of influence i the company and shareholding
Why is that company worth £40m? How could it be worth £400m in a years time? Is it even worth £4m? How do we know what the company is capable of? Do we know how big its facilities are? Could it produce £100m of product in the next year with a bumper harvest for example?
Has anyone got any info and proof to answer these questions? Im starting to feel like this could be an even worse investment than Afriag SA and we don't even know it yet