RE:Check out CHV - cheapest licensed producer. 20 cents. If it's a bargain you want, do your DD on Emblem Corporation. They have this figured out and are going mostly for the medical Cannabis side of the equation. A very reasonable price at about $1.67 today. This might not be a $100 stock down the road, but very possibly a $4-$5 stock in the near future.
Especially interesting is their management team, some of who have created billion dollar companies in the past. Here they are..........aligning with Emblem.
500 shares of Aurora at $12 = $6000
4000 shares of Emblem at $1.67= $6680
If Aurora goes to $20 you are sitting at $10,000 on 500 shares
If Emblem goes to $4 you are sitting at $16,000 on 4000 shares
I purchased Aurora at $10.60 and Emblem at $1.19.
Personally I believe you should spread your money around like this rather than put it all on a one trick pony.
Also, buy out of the sector. I have mining stocks as well as 1.1 million shares of a little known beverage company that has been working on cannabis infused drinks for about three years now. My average cost was three cents. They are about to make a huge deal and I can easily see a .20 cent stock in the near future.
1 million shares at .20 = $200,000. Well not really. It's in USD so its actually about $260,000 CDN.
I'm really looking long term of about two years from now as they will no doubt do other deals, so 50 cents is a real possibility.
1 million shares USD at .50= $560,000
The way the NAFA talks are going things could all fall through and look for a .60-.65 dollar. This will boost the price of all USD stocks for Canadian shareholders.
Will cannabis stocks go down in October? Who cares? Just diversify and you will be covered.