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…
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