Tuesday, January 8, 2019

Amazon enters legal pot biz; will build giant warehouse and grow-op in Murillo

This small Northern Ontario city might seem an unlikely choice for a weed fullfillment centre, but rumour has it Murillo was chosen due to its postal code; P0T 2G0.

Speaking of fulfilment of the kind that makes you feel good, as opposed to the kind that happens in Amazon warehouses, last Sept 29 I wrote "My tip to legal pot investors; get out while the getting is good." My thesis was that the big pot producers were overhyped and overpriced and a correction was inevitable.

Here's how the big three have fared since:

Canopy Growth - closed at 62.75 on Sept 28, trading around $38 today.

Aurora - closed at 12.40 on Sept 28, trading around 6.70 today.

Aphria - closed at 18.00 on Sept 28, trading just over eight bucks today.


You're welcome!


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