RE:Will ACB get to $15 again?Current valuations of marijuana stocks are too high based on their annual sales and production runs. No investor whether it be Joe Blow on Stockhouse, or BMO actually cares about current valuations, they care about where this will lead in 5 years or 10 years. ACB will clearly hit $15 again and it will soon surpass that mark just as soon as everyone holding CMED gets their shares converted, have ACB pump up the share price as most people will be buying again, and then dump them on the open market some time prior to legalization. It will go passed $15 and somewhere in the neighborhood of $18, in my opinion.
If you read analyst expectations on just about any stock there will be about half that are bullish, half that are bearish, and then there will be the one guy that rates whatever stock a hold. Aurora will go back up to $15 just as soon as it's done with the CMED acquisition and done getting shorted.