ORHOF - Aurora Cannabis: Tough Sledding Beyond Canada
The market wants to value Canadian cannabis players like Aurora Cannabis (ACB) based on global expansion opportunities due to the relatively small domestic market, but a couple of recent transactions should halt those hopes. Investors need to value the company based almost solely on Canadian growth opportunities with minor exceptions, reinforcing my investment thesis on wild share dilution for little gain.
Image Source: Aurora Cannabis website
Large U.S. Deals
Investors need to watch for the stock market to shift this year toward U.S. players that are suddenly gaining large scale as multi-state operators