Opinions
Peter Imhof
Aurora Cannabis
ACB-T
DON'T BUY
Dec 21, 2017
$7.000
Stock price when the opinion was issued
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DON'T BUY
He feels all cannabis stocks are gambling stocks. A maturing debenture is expected to keep downward pressure on the share price. There is no assurance that any existing company will be a survivor -- it is simply too early. No one is making money in this space. Without being able to predict revenues and expenses, it is too risky. He would stay away from these.
BUY
They each have their own strengths. He would pick Canopy (WEED-T) because they are the 800 lb gorilla. Aurora has lots of news about balance sheet challenges but they have low costs that he thinks will still come down further.
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It is one of the larger players. They have all had incredible runs. He cannot believe how well things have gone. He thinks we will end up with 5 players in the industry and he thinks this will be one of the survivors. They are in a dispute right now so he prefers the others of the large ones.