Aurora Cannibus CEO steps down

[Hamloc]

Interesting to me how the bloom has come off Canada's Cannibus industry in the last year. Aurora announced today that they were laying off 500 of 3400 employees and that their long time CEO Terry Booth is stepping down. What really caught my eye was that Aurora's stock has lost 80 percent of it's value over the last year. I thought that legalized Cannibus was the next great industry in Canada!

[Tucker]

Interesting to me how the bloom has come off Canada's Cannibus industry in the last year. Aurora announced today that they were laying off 500 of 3400 employees and that their long time CEO Terry Booth is stepping down. What really caught my eye was that Aurora's stock has lost 80 percent of it's value over the last year. I thought that legalized Cannibus was the next great industry in Canada!

I put a couple thousand into cannabis stocks when they started. Rode them right down to worthless. Oh well, I've spent far more on worse farming and they might have gone the other way. What I can't believe is that a new store started up last week locally. Wtf would anyone build a store when this seems like a failed business. BUILD! New building! Yeah lets go shop local for far overpriced dry ditch weed.

[jimmy]

I put a couple thousand into cannabis stocks when they started. Rode them right down to worthless. Oh well, I've spent far more on worse farming and they might have gone the other way. What I can't believe is that a new store started up last week locally. Wtf would anyone build a store when this seems like a failed business. BUILD! New building! Yeah lets go shop local for far overpriced dry ditch weed.

The dopers go to the store to only buy once, it’s to get the legal package to carry their illegal dope legally.

[bucket]

Anyone asking what the value of Aurora's agristability payment will be??????

Should be enough to keep the suits in the office happy...

[Oliver88]

Anyone asking what the value of Aurora's agristability payment will be??????

Should be enough to keep the suits in the office happy...

Are you thinking Gerald Butts and friends are shareholders?

[Braveheart]

I'm not sure who makes the oral spray I use but it's become "Daddy's Little Helper".

Like Curly Bill said in the movie, "Tombstone", "I feel capital"!

[blackpowder]

Elucidation if you please.
Arthritis? Bad habit replacement? Fatigue?
Just wondering as all apply to me Lol.

[Braveheart]

Elucidation if you please.
Arthritis? Bad habit replacement? Fatigue?
Just wondering as all apply to me Lol.

Yup. Just about covers it all. Haha

[Hamloc]

I look at the legalized Cannibus industry in Canada with its meteoric rise and relatively quick fall back to earth as a perfect example of how government fails at business unless it is a monopoly. With the amount of regulation and taxation legal Cannibus cannot compete. Everybody thought Justin Trudeau's legalization of recreational Cannibus would be a licence to print money not so much. Look at the CWB, at the time there were suggestions of creating a dual market but the powers at be in the CWB felt they had to have a monopoly, if as was and is claimed by some that farmers recieved more under the CWB couldn't it have been competitive? As we see with legalized Cannibus government can't help itself and builds in too many layers which push the price too high.

[Blaithin]

It needs time to balance. Too many jumped on the bandwagon and opened stores and chains. There’s at least 3 or 4 stores in Olds.... I know that’s a college town but that’s almost more pot stores than liquor stores! Who would ever think demand would be so instantly high as to support that much business.

Not to mention most people in this local area bug their products online. No need to go to the stores.

Eventually it’ll even out to what the demand actually is instead of just the flooded market of ridiculously similarly named stores.