CAN 0.00% 2.9¢ cann group limited

You got pumped and dumped, page-49

  1. 377 Posts.
    lightbulb Created with Sketch. 34
    There will always be under supply when market opens up, then over supply when everyone rushes in and then under supply as most crash and burn.

    Just pick the winner and not the "mom and pop" stores like the Oregon story.

    As Canopy and Aurora ramps up, I also would imagine that 3+ years from now; there's probably over supply as the small companies want to ramp up but cannot get economies of scale and lowest cost of product thereby goes bust.

    Only big companies can survive; which is why canopy and aurora are ensuring that they have the financial muscle to mop up.

    Between now to 2 years; its up, then decline to 3rd-4th year; and then up again.

    All industries go through this kind of cycle; just a matter of how long the cycle lasts.
 
watchlist Created with Sketch. Add CAN (ASX) to my watchlist
(20min delay)
Last
2.9¢
Change
0.000(0.00%)
Mkt cap ! $14.01M
Open High Low Value Volume
2.9¢ 3.0¢ 2.8¢ $5.136K 176.7K

Buyers (Bids)

No. Vol. Price($)
2 35137 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 125103 2
View Market Depth
Last trade - 13.57pm 24/07/2024 (20 minute delay) ?
CAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.