Aurora Cannabis and Canopy Growth Stocks soar ....

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(Edited)

After dropping most of the year the 2 largest Cannabis Companies in the World begin to recover as more States move to Legalize Cannabis.

Is this the Beginning of a New Cannabis Stock market Bull Run or just a momentary Blip...

You could have bought Aurora stock for about $5 last week.

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Canopy Growth was as low as $ 9.73 back in March of this year.

Canopy is still losing almost $ 100 Million Every 3 months .... 1/2 a Billion a year...

Net Loss: Net loss of $96.6 million in Q2 2021, a $339.2 million wider loss versus Q2 2020, was driven by lower other income.
Adjusted EBITDA: Adjusted EBITDA loss was $85.7 million in Q2 2021, compared to a loss of $150.4 million in Q2 2020 driven by higher revenue and lower operating expenses.
Cash Position: Cash and Short-term Investments amounted to $1.722 billion at September 30, 2020, representing a decrease of $254 million from $1.976 billion at March 31, 2020 reflecting the EBITDA loss and capital investments.

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Anyone still invested in these Giant Government Sanctioned Cannabis Grow ops ?

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Another stock to watch in the cannabis space is Aphria.

It's worth noting that ACB and CGC have declined significantly in the last one year. However, APHA stock has been resilient.

Further, medicinal cannabis growth is still few years away. Huge research gaps. Recreational cannabis market is likely to gain some traction.

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Probably more growth to come. The two big entities fighting to keep Cannabis illegal are private prisons and organized crime. It's without a doubt that the states who will legalize last are the ones full of private prisons and crime cartels, but in the end the tax revenue from cannabis sales will grease the palms of government far better than a dirty political bribe.

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I have been toying around with buying some Aurora for a while now, but something keeps holding me back from doing it. There is actually a really large grow operation that just opened up down the road from where I work. I need to see if they are a public or private company. I would buy some of their stock if they are public. Just to support the local community you know :)

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