Robinhood investors favourite cannabis stockIn the recent days some Tesla investors made 1300-1500% while Tesla ran from $175 to over $2500 pre split. Their PE ratio came to over 1000 and the bulls never got tired.
ACB is also at the same juncture, a darling of robinhood investors and once institutional investors jump in, the short covering triggers amidst legalisation in 5 new US states, ACB can roar back delivering 500-800% gains in the short run(Nov-Feb21)
Next week is the Q1,2021 and the new CEO has already indicated the results are on the higher side of guidance and co is on track for EBITDA positive Q2, 2021, means Feb the results will be out for Q2,2021.
Last time the co beat market expectations on revenue, the share price roared from $6 to $28 within a week.
Anything is possible when all the ducks line togther for Acb.
Investors cant go wrong with the co at 52 week low prices and a cash on balance sheet of over $280 million. Would be see $48 by end of Dec? Anything is possible.