Aurora earnings pulled sector down today imo. Looks like investors start looking more into numbers after initial Marijuana hype.. They don't like very high reported losses of C$240mln with only C$54mln in sales.. also their margin dropped.. I think in this shaky market and so many Marijuana companies out there, investors are going to start cherry picking and looking more into financial reports. Profitability, Cash, and No debt is the key imo I don't think anyone has any doubts that CVSI is going to deliver that and deliver strongly.
Yes, our pps is boring and seem to stuck in a channel between $4- $6... until it doesn't.. getting closer and closer to 10k I don't expect any bad news that would trigger selling pressure.. but I'm confident that buying pressure will kicking at some point.. nobody knows exactly when it happens.
Glta $CVSI
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