Well world wide all the biggest cannabis stocks have come off from their highs, most sitting around 50% drop from their 2018 highs (canopy growth, aphria, aurora) CAN is pretty much in line with this. Add into that there is going to be no real news for a year now, so no expected catalysts that will majorily rereate the company for a year, basically expecting price to consolidate for the year until the Mildura site is finished and ready to produce. The next year will probably see the price just bouncer around between $1.50-$2.50, probably edging up to the $2.50 the closer we get to Mildura finishging Q3 next year.
CAN Price at posting:
$1.77 Sentiment: Hold Disclosure: Not Held
