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NACNF - Alcanna: The Pivot To Cannabis Hasn't Worked Out
Meta Growth Corp
Aurora Cannabis (ACB) is one of the most prolific investors in the cannabis sector with a large investment portfolio. However, among the investments, Alcanna (otcqx:LQSIF) stood out as one of the worst deals with ~60% loss less than one year into the investment. At this point, we do not recommend acquiring Alcanna shares because of the challenging cannabis retail environment in Canada and expected ongoing high capital consumption in its legacy liquor business.
(All amounts in C$)
Alcanna Overview
Alcanna is a large liquor private retailer with an emerging presence in