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Cannabis is way overvalued.

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mr green239 Member Profile
 
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Aurora Cannabis files at-the-money offering for $300M Seeking Alpha - 5/20/2021 3:53:05 PM
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Aurora Cannabis and Grow Group PLC Renew Market Access Services Agreement for Medical Cannabis in the United Kingdom PR Newswire (Canada) - 5/20/2021 7:30:00 AM
Aurora Cannabis and Grow Group PLC Renew Market Access Services Agreement for Medical Cannabis in the United Kingdom PR Newswire (US) - 5/20/2021 7:30:00 AM
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mr green239   Wednesday, 04/07/21 02:54:43 PM
Re: Michi 1968 post# 68808
Post # of 69008 
Cannabis is way overvalued.

Oversupplied.

Retail prices collapsing.



Over 1.2 million kilograms of (legal!) dried cannabis in Canadian inventories (30 grams for all 40 million Canadians)
https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/research-data/market/dried.html

Oversupply will continue. As prices collapse farther expect to see cannabis sold more often in bulk (as the plastic containers cost more than producing the product itself).

ACB is worthless

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