Replies to post #62991 on Aurora Cannabis Inc (ACB)

[FUNMAN]

Not correct. There are going to be better run, right sized, profitable companies that are going to win the support of investors.

Money will flow to the winners.

The losers (not saying it will be ACB) will find dilution only goes so far, before their PPS drops below 50¢, and then goes lower.

Managers of honest losers will sell out. Crooks will keep diluting.

Yep. I know. I noticed that also.

The DOW was down and my screen was green - so that is a nice Bullish Sign also.

IMO. The sell-off of all the Cannabis Companies was way overdone. However, since it was overdone - may investors are now very sheepish because they don't want any more losses from the Cannabis Sector. So the Cannabis Recovery could take years to realize. - 'Chicago-Paul'

[john1311]

For Colorado’s six-year-old legal marijuana industry, 2019 was a new high.

Cannabis dispensaries in the state sold more than $1.74 billion worth of marijuana products, a record total.

https://hightimes.com/news/colorado-cannabis-dispensaries-sold-over-1-74-billion-in-products-in-2019/

is Canada going to US$11.48 billion worth of cannabis sales...?
Colorado population: 5.696 million (2018);
Canada population: 37.59 million (2019)
Similar market / similar people; however, 6.6 times more folk in Canada...
all to play for...