Post by
CGCFAN on Sep 22, 2020 3:26pm
ALL EYEZ ON ACB
Here we are, finally.
guys let's not be naive , 2020 was an absolute disaster for pot stocks, not only ACB, but also the rest.
imagine bag holding CGC at 50/share ? Or higher? Lots of us in the same bag holdin boat, I mean really, who isn't ?
keep your faith in Miguel. give this guy the benefit of the doubt. His resume is as good as anyone else's in the industry .
PELTZ + MARTIN is the STAMKOS + KUCHEROV of the cannabis sector.
lets give credit where it is due, ACB has attacked aggressively cost cutting and dispersing of dead weight .
regardless of what we find out in a mere 1.5 hours let's remember that at current burn rate + cash at hand it easily takes us into + EBITDA territory
does ACB drop 40 million to buy powerhouse CBD located in 20,000 stores , if they are heading towards bankruptcy ? No
in my city alone pop 300,000 we have gone from 1 store to 5 in the last year and another 14 expected to open by the end of the year.
brick and mortar will increase sales 10 fold
Guys, regardless of today's outcome , selling for a huge loss IMO would be a massive mistake
I personally, will hold these tight into 2021.
DYODD
GLTA
Comment by
Positivelive1 on Sep 22, 2020 3:48pm
Go for it ACB debt ridden company!
Comment by
Skater on Sep 22, 2020 4:19pm
Interesting how they schedule a call less than an hour after they release results. 40 mins, still no financials. Pretty hard to ask any decent questions when you don't have time to review the financials. I'm sure they'll have some brokers lobbing in the softies to the boys...