RE:How will they stand in a recession?Newbills wrote: I’m long on Aurora and not selling any stock for at least a few years but what happens if we’re hit with a recession? My guess is that the companies with the most cash will likely come out ahead. Canopy has a lot of cash from the Constellation deal. Aurora will need something similar or access to a lot of capital to remain #1. Thoughts anyone??
ACB will do as good as it does now in a recession. It will be business as usual. People losing their job will be depressed, or not in the best mood. Many will get high or will need some cannabis medication. I don't expect any decrease in sale, and an increase would not surprise me. More free time, more time to get high or to try it. The share price will take a hit but the cannabis sector should come back the fastest with their business growing. When the company I was working for closed its doors, I didn't stop to drink a few beers every week. It will be the same for the weed. The weed will also relax people.