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Sunday, May 31, 2020 11:07:30 PM
You say Canopy will die of wasted money
Aurora is said to be burning through cash.
Both are said to be on the way out.
Who will be standing in 2 years, in your opinion?
Do you see some other existing company taking over?
Will big pharma produce product from farm type operations who grow cannabis?
Will the cigarette companies take over?
What is your opinion?
I am seriously looking for your opinion. Where is this going.
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I wish a have a crystal ball ... there is no doubt cannabis sector is in trouble because :
1 - supply is already bigger than demand
2 - very high labour cost - not easy , at this stage , to cut down
3 - retail price per gram can not go up because black market would take over for good
which companies will stay longer a little bit? we should know in one year...having cash helps
in my opinion the cannabis production will shift from from greenhouses to outdoor production ... to cut down the cost
existing company taking over ? no , demand not big enough ,
in 2-3 years most cannabis companies will be gone and the rest starving to break even - it is time to go somewhere else to invest ....if you are long investor
if you "short" or short term investor still you can make a lot of money !
enthusiasm for weed is a history ..
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