IIPR Valuation

Undetailed Valuation: Green Thumb Industries. Reit company that specialized in cbd/hemp farming sector. We could not make and use working capital schedule because of the nature of the reit business sector. On this valuation I did not cover all details due to lack of time because of my studies: Instead of using reinvestments and roe or using revenue and cost schedules , I used growth years of past years for my future growth rate assumption and I made some adjustments on past year growth averages to make my assumptions more reasonable. I both used exit multiplies method and perpetuity model for finding terminal value and used weighted averages of them depending the business sector, and I assumed that amortization and reinvestment have the constant growth rate as the average growth rates of total costs (cogs not included) from past years. I did not use working capital schedulde because of the company’s business. Valuation is attached with excel file: