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Thais allowed six cannabis plants per household.
The policy would allow the sale of these plants to licensed institutions.
The Food and Drug Administration announced a cannabis business workshop as public and investor interest heighten after the introduced policy.
https://www.channelnewsasia.com/news/asia/thailand-cannabis-plants-grow-at-home-draft-law-11903318
Big cannabis is way overhyped. Small cannabis is the future.
SmallCannabis + Oversupplied + Overhyped = OVERVALUED
$5B market cap? No where near the "bottom".
Cannabis plant data
2019/06
Planted: 5,379,725
****
2019/05
Planted: 4,903,437
****
2019/04
Planted: 4,103,160
****
2019/03
Planted: 3,798,357
****
2019/02
Planted: 3,131,711
****
2019/01
Planted: 2,682,433
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/research-data/market/plants.html
Canadian Cannabis Tracking System - Supply/Demand - 2019/06
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Data for the month of June 2019 regarding cannabis supply and demand is available on the governments tracking system.
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html
****
In June, 9,976 kilograms of dried cannabis and 9,614 liters of cannabis oil were sold, while inventories totaled 312,251 kilograms and 141,181 liters.
****
2019/06
Inventory: 312,251 kg / 141,181 L
Sales: 9,976 kg / 9,614 L
****
2019/05
Inventory: 262,420 kg / 127,880 L
Sales: 9,524 kg / 9,816 L
****
2019/04
Inventory: 215,327 kg / 119,883 L
Sales: 8,874 kg / 8,202 L
****
2019/03
Inventory: 174,575 kg / 98,055 L
Sales: 7,627 kg / 7,918 L
****
2019/02
Inventory: 143,858 kg / 96,311 L
Sales: 6,670 kg / 7,270 L
****
2019/01
Inventory: 137,802 kg / 83,789 L
Sales: 7,313 kg / 7,914 L
Management knew the bloated market cap wouldn't last forever and investors would lose millions. Peltz gives you an escape.
China MLM
Cannabis is way overvalued and oversupplied
Aurora is way overvauled
Smart money is playing games
Cannabis shouldn't even be a sector. Way overvalued.
Mafia orchestrated money laundering pump and dump shell.
What a scam
Good news? Good day? Looked more like a hype day. Revenue growth was expected and obvious in this industry. how much can revenue grow in the future? The global whole sale pricing collapse is detrimental to any potential figures.
way overvalued.
unfortunately, Aurora will never produce a Thai stick.
"Public Health Minister Anutin Charnvirakul reiterated that no foreign companies will be allowed to use Thai nominees to invest in the production of marijuana locally. Foreign firms will only be allowed to purchase Thai-made marijuana-based products. They will not be allowed to own any land or production facilities in the country, and most importantly, the copyright of marijuana-based strains created in Thailand”.
2019/07/31:
https://www.nationthailand.com/news/30373977
Canadian Cannabis Tracking System - Supply/Demand - 2019/05
****
Data for the month of May 2019 regarding cannabis supply and demand is available on the governments tracking system.
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html
****
In May, 9,495 kilograms of dried cannabis and 9,773 liters of cannabis oil were sold, while inventories totaled 263,928 kilograms and 127,989 liters.
****
2019/05
Inventory: 263,928 kg / 127,989 L
Sales: 9,495 kg / 9,773 L
****
2019/04
Inventory: 215,327 kg / 119,883 L
Sales: 8,874 kg / 8,202 L
****
2019/03
Inventory: 174,575 kg / 98,055 L
Sales: 7,627 kg / 7,918 L
****
2019/02
Inventory: 143,858 kg / 96,311 L
Sales: 6,670 kg / 7,270 L
****
2019/01
Inventory: 137,802 kg / 83,789 L
Sales: 7,313 kg / 7,914 L
In order to reach an annual production capacity of 500,000kg, 12,500,000 plants are needed at 40 grams per plant.
Sounds like wayyy more overhead compared to 500,000kg from just 800,000 high yielding plants, grown in the sun.
According to government statistics, as of March 2019, there were just over 3.7 million legal cannabis plants growing nationwide.
With an average yield of 40 grams per plant.. expect up to 150,000kg in supply increases within upcoming month's.
With current legal demand metrics, 130,000kg per year is the projected consumption.
Thousands more seeds are being planted by the day.
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/research-data/market/plants.html
That's a lot of dime bags.
Canadian Cannabis Tracking System - Supply/Demand - 2019/04 - recreational retail begins...
Data for the month of April 2019 regarding supply and demand is available on the Cannabis Tracking System.
canada.ca/en/health-canada/services/drugs-medication/cannabis/licensed-producers/market-data/supply-demand.html
****
In April, 8,853 kilograms of dried cannabis and 8,196 liters of cannabis oil were sold, while inventories totaled 215,665 kilograms and 119,696 liters.
****
2019/04 - Dry Cannabis Data
Inventory: 215,665 kg
Sales: 8,853 kg
2019/04 - Oil Data
Inventory: 119,696 L
Sales: 8,196 L
****
2019/03 - Dry Cannabis Data
Inventory: 174,575 kg
Sales: 7,627 kg
2019/03 - Oil Data
Inventory: 98,055 L
Sales: 7,918 L
****
2019/02 - Dry Cannabis Data
Inventory: 144,470 kg
Sales: 6,671 kg
2019/02 - Oil Data
Inventory: 96,227 L
Sales: 7,244 L
"I agree the oversupply will temporarily cause a market crush, however there will always be a leader in production and extraction capability which at this moment is aurora on a global scale. Amazon was at massive revenue losses for years while the price kept rising because it was the leader among its competitors."
Aurora is overvalued at $5B. In this industry it's easy to generate value from nothing by simply disclosing future supply capabilities. The investments have been made. Aurora is sinking. 30% since canadian legalization.
In the Caribbean, St. Vincent and the Grenadines, the first cannabis cultivation licenses were issued by the country's marijuana regulator.
Several hundred acres are prepared for cultivation by license holders.
The country's cannabis regulator expects to approve 200 more cultivation licenses by September 1, 2019
First medicinal cannabis licenses awarded in St. Vincent and the Grenadines
2019/07/18
https://mjbizdaily.com/first-medicinal-cannabis-licensces-granted-in-st-vincent-and-the-grenadines/
Expect heavy drift in cultivation volume towards tropical climates as long-term margins are crushed by market oversupply.
The ol barn down the road has enough dime bags to feed a province
ACB taking preliminary action to avoid the inevitable bankruptcy.
High-tech fancy cannabis greenhouses will slowly disolve as margins are crushed by the drop in wholesale prices. Operating costs way to high for the product cultivated. Many cultivators are capable of growing high quality Cannabis, willing to sell at lower prices.
Aurora knows the only way to compete with these prices is to grow outdoors themselves.
Growing outdoors may save the company from a future negative operating income.. but will not save the stock.. Potential revenue will be sliced by a factor of 10 as the plant finally gets priced at a fair value. ACB way overvalued.
Canadian oversupply will lead to a collapse in wholesale prices.
In the future, countries will not pay premium on overvalued Canadian weed when they can grow their own.
Canada has no cultivation benefits in comparison to any other country.
ACB is valued at revenue projections we will never even come close to seeing. Way overvalued.
LDOS LIST
Definitely. Hype is very risky, must always play it safe.
Margins are insane. The market is way oversupplied.
The largest Canadian outdoor operation fully planted their first batch of 250,000 cannabis seeds. The company expects to yield 40,000kg annually at the lowest cost per gram in the whole industry.
According to Canadian Government statistics, the current average monthly demand for cannabis is 7,000kg.
80,000kg per year.
One company out of several hundred licensed producers is capable of producing half of Canada's current demand.
"The company is pleased to announce that it is has completed the planting of its first outdoor cannabis crop at Canada’s largest outdoor organic cannabis cultivation facility (3.7 million sq. ft. of cultivation space) in Ontario."
"The company has successfully planted more than 250,000 cannabis seeds at their farm, the company has planted 10 unique cultivars proven to be successfully grown outdoors; both high-THC and high-CBD strains were selected for planting. The Company expects two harvests annually. the first harvest is planned for late-August and will be exclusively the Company’s auto-flowering strains; the second harvest, of photoperiod plants is planned for mid-October."
"Canada’s first and largest outdoor organic cannabis facility, has the potential capacity to yield more than 40,000 kg of dried cannabis, at what the company expects to be the lowest cost per gram in the country."
"Planting nearly 100 acres of organic cannabis outdoors was a significant accomplishment for the organization, relying on both established agricultural practices and innovative cannabis production techniques. Our team of expert farmers and growers ensured this ground-breaking task was a success."
ACB wayyy overvalued. Timing is critical.
JBZY is a fraud in so many ways. JBZY ORBITAL SCHEME.
Nope. You got fooled.
ACB pretends 'big ivestors' are interested in them... in reality, everyone knows ACB is way overvalued.
Big time. A scam not even masterminded by the ones who people think are running the show.
Yield over $500,000/acre growing cannabis.
Yield under $1,000/acre growing common crops.
These statistics are well known by financing entities.
The fundamentals of economics suggest supply will increase vastly outweighing demand.
There are many cannabis millionaires - numbers of cultivators to enter the industry have increased exponentially.. industry margins are insane.
Demand projections have been vastly overvalued.
Often, volume metrics seem on target - the price per gram multiple.. overvalued.
Cultivators will be willing to sell for much less than $500,000/acre forcing other cultivators into price competition.
Through time, the end result for the billion dollar Canadian cannabis cultivation firms.. is drastic.
Big financiers realized they made a huge mistake investing in Aurora. They asked Peltz to keep them afloat - buy some time to save themselves before it all comes crashing down. Way overvalued
Doesn't look good. Double bottom CCI. Price has a long way to go.
Peltz was hired to keep the stock price afloat.
Manipulation is easy when retail investors own over 70% of the float.
Would have dropped like a rock long ago.
To much at stake. They will do whatever it takes to keep the stock price alive.
So true
I don't care about Robin Hood. I only about Aurora having over 750,000 retail shareholders controlling a majority of the float