RE:RE:what has happened to acb boardStockemups wrote:
I believe it will be a sell the news event. The stock price will continue to drop as it is in the top 10 shorted stocks on the TSX. I believe the entire cannabis sector will have an evaluation adjustment to lower multiples. I see Aurora down into the 6 buck range by year end.
Couldn't disagree with you more. That's like saying a gold mine company or an oil company will see a falling sp as their production doubles and triples. It does not compute. No one can accurately predict what future sales will be when the only benchmark in the recreational sector has been the theoretical illegal market numbers but by all estimates they look promising. You fail to include the growing popularity of cannabis to treat medical conditions as the stigma of consuming weed products becomes less of a factor. I believe the baby boomers will be the drivers of that market for the foreseeable future. As cannabis consumption becomes more acceptable around the world Aurora has positioned itself to be one of the leading go to companies to supply the cannabis need. You can't judge Aurora based on today's standards but where it will be in 6 months to a year when production has caught up with the ever increasing demand. Next year the edibles come into play so watch out for good things to develop there.