Texas Cannabis Company Secures $2B Valuation From LA Financial Firm
Cannabis Bioscience International Holdings (OTCPK: CBIH), a Texas-based cannabis company providing services for clinical research studies, announced Monday it received a $2 billion valuation following a rigorous assessment by StoneBridge Advisory, a Los Angeles financial advisory firm.
Evaluation Supporting $2B Valuation
StoneBridge Advisory employed due diligence practices and financial modeling techniques to ensure the valuation’s accuracy. This in-depth analysis involved a deep dive into CBIH’s financial performance, its ability to capture market share, the competitive landscape it faces and its future plans. Additionally, the assessment took into account CBIH’s team of experts, which combines expertise in legal and financial matters, creative design, scientific research and various medical fields. CBIH noted …