RE:RE:RE:RE:Earnings Nov 9
Sid123 wrote:Earnings will be a blood bath. SP may go up in hype but US 2 to 3 years away from legalization. Financials and SH diluting will rule the day. Acb has yet to make one successful acquisition and has lost billions while executives enriched themselves. Once hype over just like pre legalization 2018 it will crash
Oh interesting. How come they're not making money, considering this is one of the top cannabis companies? It sounds like the previous guy, Booth, made some mistakes, but it should be up a lot from here. There needs to be a lot of consolidation in this industry IMO, and I think ACB will be top dog with a lot of acquisitions soon. Hopefully it's mostly debt, and not new shares issued. I think I'll wait to see how the market reacts to earnings. If it opens higher, I'll load up. If it drops, even better!
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Balance sheet Monday, ACB will open higher to suggest that the balance sheet is correct and 30 minutes later the price will crash sharply -20%, -30% minimum. Never forget who had a 12 for 1 action regroup in the spring of 2020. The current price must be x 12. Just imagine the big volume of Friday which will be in panic Monday the price will drop very very very quickly 30 minutes after opening.