RE:RE:RE:RE:RE:RE:RE:RE:RE:Who will be the 'Starbucks' of Weed Dispensaries?EstevanOutsider wrote: Cashmeousside wrote: Cashmeousside wrote: EstevanOutsider wrote: Aurora hasn't really been established, neither has Canopy. All exist by name only to produce medical marijuana and put themselves in position should the Liberal decisions be favorable. People are under a faulty assumption that the Liberals will be promoting marijuana or the provinces will permit it to be so. Goodale's statements today regarding criminal records for possession are more proof the Liberals lied about marijuana. Their marijuana act isn't really much of a boost at all. You're trying to explain to me how a company with a 1bn + market cap can justify being worth what it is worth. You are failing to consider legalized rec marijuana sales could be years away, possibly never.
Legalization and rec sales are not the same thing. So even when marijuana is legalized in 2018, it will not ensure Aurora (or others) are recretionally selling marijuana. Obviously, a company the size of Aurora or Canopy would require massive sales as they have massive operations. Perhaps a smaller company with a more localized market base could find more success.
Anyhow, it's one thing to be an ideological fan of marijuana and there is another completely different ideology in investing in it. Maybe you will be right and I will be wrong, but I don't think so. I don't foresee Aurora having massive rec sales and I am reluctant to believe we will ever see the "rec dream" unfold in Canada as many think it will.
Personally I wouldn't suggest anyone to park their money in marijuana stocks right now. First of all, they will continue to plummet as they have no sales and are being sold on fact; two, they will not have any reason to bloat again until the provinces put
out their own legislation on how marijuana will be sold, enabling them to have sales.
25 million a quarter in sales is not going to work out well for a company like Canopy.
sorry, there are just too many holes in your logic to respond without writing an even longer reply, and the alternative scenario you explained in your previous post is just not believable. You also rely on a lot more equally founded assumptions as the people you're responding to. I don't find you believable.
*unfounded
You are watching the demise of Aurora and most marijuana stocks. So Canopy had a green day today, if there was one stock to bet on right now it would probably be Canopy. Aurora has built itself off the potential but the potential is not ready, even if it were, the rec sales are along ways away and Aurora will be losing money for quite a while to come.
Maybe again, you'll be right and I'll be wrong, but I don't foresee anything that will pump Aurora stock up again until they release promising earnings and favourable provincial legislation comes out with a viable timeline for marijuana recretional sales.
Esteban, this is not the demise of marijuana stocks. Have you heard of a thing called "but on rumour, sell on news?" That is exactly what this is: many held positions with the express intent to sell just before the news was announced April 10th. You are grasping at straws and I'm sorry but you have not been able to explain your logic at all, you have described a storefront retail scenario that is just as unrealistic as the Starbucks idea, which tells me you either don't understand retail or you don't believe your own BS, you've conflated the goverment's intention to provide a legislative framework for the sale of MJ with providing a business strategy for selling MJ, which is a completely different thing, and you are clearly motivated to keep posting on this board for a reason: you want to see the share price go down. If you hold no investment there isn't a good reason why you're so concerned about posting very out of touch dramatic things like the "Demise" of MJ stocks and "Aurora is finished" and other things that I thought were total jokes until I realized you were trying to sound serious. Enjoy shorting.