Replies to post #68808 on Aurora Cannabis Inc (ACB)

[dtwiddle]

All of the markets are BLAH today

https://www.marketwatch.com/tools/marketsummary

[mr green239]

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