Cannabis miasmaThe whole cannabis sector is in tumult and valuations reflect this state.
A dozen roses on a bed of manure will lose its fragrance.
Aurora has triggered a hyper negative sentiment.
Canopy, the bellwether player has seen its value decimated...same for Aphria as well as many other cannabis companies.
Investors are appalled at the sheer mismanagement of billions of dollars that went into bad deals, overvalued deals and deals that seemed to have a trajectory into pockets of self serving executives.
The cleanup, the shorting and the slap of business rationalization has many investors second guessing their staying power and consequently many have sold and are selling at heavy losses.
However, in adversity there is opportunity.
While Agra’s management has made some zany moves with share distribution, the company remains unsullied when compared to the cannabis epic fails that have occurred and are still occurring.
It is for this singular reason that I believe Agra will not only survive but thrive.
They remain a Phoenix That didn’t have to rise from ashes.
Its hard to miss the emotional and expressive dialogue currently being manifested on this forum.
Being a fellow investor I certainly sympathize and empathize with all your frustrations.
The silver lining for Agra investors is the transparent intrinsic value of the company versus the low current decimated market cap.
Despite, the horrible market environment and extremely negative investor sentiment, there’s still enough here to keep this investor positive.