News Focus
News Focus
Followers 15
Posts 1631
Boards Moderated 0
Alias Born 04/28/2017

Re: Chicago-Paul post# 42079

Friday, 02/08/2019 4:51:10 PM

Friday, February 08, 2019 4:51:10 PM

Post# of 70419
"I understand why CRON is being shorted at a market cap of $3.5B. I am asking myself: Why is ACB being shorted at a market cap of $7.5B?"

Because $7.5B is way overvalued.

Maybe if the industry was a monopoly and Aurora maintained world dominance 10 years minimum.. market capitalization could exceed hundreds of billions.

But it's not a monopoly. countries and competitors are opening supply flood gates faster than anyone had thought.

For everyone on earth to stay high every hour of the day.. the demand in volume (production efforts) is extremely low in comparison to any product. As of now the retail price is extremely high. Fundamentals of economics suggest change is imminent.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ACB News