Aurora Cannabis Inc (ACB)

[mr green239]

Way overvalued. Cannabis margins are insane. They will collapse... companies will fail.

Cannabis is overvalued because of how easily it can be produced in large volumes at low costs.

A one acre field can produce enough cannabis for over one million smoking joints.

Cannabis can be produced for under $0.30/g and is being sold for as high as $10/g.

High competition combined with huge oversupply leads to lower prices.

Producers are willing to sell at lower prices.

A one acre field producing 500kg at a cost of $0.30/g can be sold at $1/g for a profit of $350,000.

Scale it up..

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Auroras billions of dollars in assets are worthless.