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Tuesday, March 17, 2020 6:09:29 PM
500,000kg @ sale $5/g cost $2/g
Profit = $1.5B
Canadian statistics shows the average monthly demand to be around 15,000kg. Even if the demand was 30,000kg/month (360,000kg/year).. all of Canada could have been supplied by Aurora.
Early on, company execs knew about oversupply issues and tricked investors into thinking the market was undersupplied.
Aurora limited their production capacities early on, they knew selling the funded annual capacity was going to be impossible and cant take cost of production with no sales on paper.
Now with the projected collapse of cannabis prices.. Most of these multi-million dollar cultivation facilities will be way to expensive to operate. Worthless.
Recent ACB News
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- Aurora Receives Expanded Cultivation and Unique Research Licenses for German Facility • PR Newswire (US) • 07/25/2024 11:00:00 AM
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