The valuation Elephant that no one is talking aboutSo many people are still trying to understand valuations in this sector while Billions of dollars of really smart money are pouring into the sector. It qoute easy if you have a long term view on the sector.
first of all, cannabis is not new, been around for hundreds,even thousands of years, so we know it is not going out of style, but on the contrary it is becoming mainstream, millions of people who never used it are now using it and even more will over the years.
we are only begging, some would say havent even really started, Medical cannabis will replace billions in pain perscriptions for years and years to come, things like CBD an acronigm that not many knew about before is becoming so mainstream every corner of the media is using its name and every sector from medicine, to food, cosmetics and beverages is infusing it into there products because of the widespread health benefits,
when you look at the entire scale of use form cannabis the market is far bigger than anyone can predict and that is exactly why big names are investing billions.
the stock prices that we see today and valuations are nothing compared to where this industry will be in 5-10 years. by then only 5-10 companies will control the majority share while many hundres more will operate small scale operations the main names will be far less.
Aphria will be one of them along with others that have built up scale and reach into global markets.
if you own any of the big 3-5 stocks worrying about day trading or stock price should not be a concern and just sit back and watch what happens over the years. you wont regret buying into a once in a lifetime investing trend and be thankful you did. just as those brave people who paved the way with the internet stocks who made billions the cannabis investors will be rewarded just the same/
stay long.