Q: Hi Team,
If you own CURA in a RESP & are a patient investor with -84%, do You add, sell.
Thanks
Best Regards
If you own CURA in a RESP & are a patient investor with -84%, do You add, sell.
Thanks
Best Regards
5i Research Answer:
CURA's fortunes are going to be largely dictated by the cannabis sector, which of course is not booming. It has slowing growth, high debt and losses, but at least positive cash flow. Its last quarter was ugly. We think capital can be deployed elsewhere, but we might wait to mid January to sell, on the assumption we get a small cap January bounce from stocks that are down a lot in 2024 (it is down 60%).