Opinions
Bruce Campbell (2)
Aurora Cannabis
ACB-T
COMMENT
Jul 25, 2018
$6.940
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's challenging to figure out this sector not. He thinks there'll be a ramp up to the October legalization. There'll be more details on the extract market later this year to propel the stock higher. He's worried that more companies are going public to attract a finite nunber of ivnestment dollars. He's been cautious on the stock, and is picking his spots
within the overall sector.