I don’t blame you for selling. These announcements confirm previous criticism of CANN. No market ready products, they are essentially providing generic cannabis for others to make specialised market ready products - CANN take all the risk because the companies buying their cannabis simply buy what they need while CANN has to produce and hope they don’t have a significant amount of excess stock - as what happened to aurora.
I could be wrong but I didn’t see a figure for how much is being bought from this supply deal.
The other elephant in the room is if cannabis is legalised for recreational use, what impact would this have on the MC industry? Given it would very likely be legal to grow a certain amount of cannabis... this would undoubtedly hit the supply/demand curve.
Given combustibles make up what, 1% of prescriptions... and the lifestyle/culture associated with cannabis... short of a significant change in the sentiment of the medical industry... it’s really hard to see the type of money that some people seem to think is about
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