CGC - Aurora Cannabis: Flooding The Cannabis Market
The investment story on Aurora Cannabis (ACB) continues to play out as expected. Bullish investors are racing into the stock despite all signs that the cannabis market is going to face a fundamental oversupply scenario that ultimately hurts the stock.
Image Source: Aurora Cannabis website
Market Size
The mind numbing stats from Health Canada support a total cannabis market size in Canada that falls below the size of the production goals of Aurora Cannabis alone. The Marijuana Policy Group projects a total market demand of 77,000 kilograms per month or 926,000 kilograms per