Aurora Cannabis Inc (ACB)

[budalot]

Not good you got in over $10!

I saw things collapsing and sold in Feb at $13cad, been out since, watching. I have a 7m slide rule I follow +2m thereafter.... seems to have worked for me.

I love ACB and this industry, but seems the best companies are the ones that are profitable AND didn't overspend using shareholders money.

In Canada, hemp was legalized in 1998, medicinal mj semi-legal in 2001. It wasn't until 16yrs later that mj was fully legal in 2018. I anticipate a similar proceeding in USA. Things work differently in USA, lots of politics Dems vs Reps. But it will happen, this is the trend. The farm bill in Jan2019 was the start. It needs time.

Having said that, so long as ACB focuses on raising sales & lowering its costs it is golden. I do believe USA will legalize, it is a global trend, especially for medicinal.

The whole industry went way a head of its true valiations, lots of hype. Sh. prices are only now coming back to reality with under 10x valuations.

Minimum 2yrs for USA to legalize, but I'm not even holding my breath on that. It will be interesting to follow.

Hang in there, avg down if you can but wait a while to do so.... personally, I see more sliding. Sorry. Just my opinion!