AusCann (ACNNF)

[ForAllSadWords]

It can be both, no one likes dilution much but if it raises capital that they then use for expansion and growth then it ends up being worth it and it elevates the share price, however, dilution drops the share price in the near term.
I'm hoping the pullback is finished at 0.50 USD. (So right around where it is now at 0.495 usd) but it could drop lower.
As I always say with pretty much all my stocks, timeline is the most important, if you're here for 2-3 years then don't worry about the SP this week/month. Auscann hasn't even got its licensing to grow in Australia yet (although I'm pretty certain they'll get it) habwnt had the first crop, first sales ect... lots of catalysts for an early company, I'm hoping it'll get to $2-$4 USD within a 2-3 year timeframe.
I'm further bolstered in confidence as Canopy's 10-15% stake in the company can't be sold for 3 years minimum, so they have the backing of CGC and Bruce on their board, plus canopy see this as a long term investment.
I'd advise more DD although there's not much on the company as of yet.
Good luck to all here.
I'd also like to hear others opinions on Auscann...