Nigam Arora: The Coming “Canadian Marijuana Stocks Massacre” (and some good news)

Nigam Arora: The Coming “Canadian Marijuana Stocks Massacre”.

Nigam discusses his long term outlook for cannabis stocks… He expects cannabis stocks focused on the Canadian market to lose 90% value, as market realities set in. Ultimately, Aurora sees marijuana as a $200 million global opportunity, and is bullish on stocks which have global focus. Nigam Arora is bullish on Canopy Growth (NYSE: CGC) as he expects some uside and possible buyout by Constellation Brands (NYSE: STZ) in the $100 range.  Arora is bearish on Tilray (NASDAQ: TLRY) with a downside target in the $30’s.

Plus: Nigam Arora is long-term bullish on gold with a 2-3 year target of $2,500-3,000. Bullish on Citi (NYSE: C) and calls Facebook (NYSE: FB) stock “relatively cheap” expects a “double or triple” in the stock as Instagram and WhatsApp are “slowly monetized”. Listen to this interview, for all the details…

nigam high res headshot
Nigam Arora, Publisher, The Arora Report

 

 

 

 

 

 

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