Opinions
Cole Kachur
Aurora Cannabis
ACB-T
RISKY
Aug 09, 2018
$6.250
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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The cannabis sector really moved up recently. ACB-T just made an agreement with liquor stores. Over the next few months they are very well positioned. This sector is very speculative, however. He would prefer Canopy Growth (WEED-T). This would fall into that group right afterwards. The industry is quite speculative.