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Forbes article on hemp being more valuable than tobacco.
AOI can probably convert their tobacco farmer network over to hemp (comparable machinery), with much less need of capital investment and time.
https://www.forbes.com/sites/davidcarpenter/2018/08/28/kentucky-farmers-hemp-more-profitable-than-tobacco/#3c9d0730100f
$AOI 1 MIL SQ FT #MARIJUANA GROW SPACE
65% Institutional Ownership
9 Mil Outstanding
3 Mi Float
700K Short
https://t.co/kuIFzsYYLp
Just saw this message. Sorry for the delay. Was bouncing around Russia most of June/July. :)
Still here. Haven't sold a share, but finding it easier to breathe over the last few days!
Q1 results are out on Thursday morning. Here's hoping the run-up is not a fake out.
Bout time pfffft ;)
What a dud, still holding for now ... I agree this should be much higher
Alliance One Announces Production Expansion Of Its Canadian Subsidiary
SOURCE: https://www.dailymarijuanaobserver.com/single-post/2018/05/21/AOI-Alliance-One-Announces-Production-Expansion-Of-Its-Canadian-Subsidiary
MORRISVILLE, N.C., May 21, 2018 /PRNewswire/ -- Alliance One International, Inc. (NYSE:AOI) today announced that its Canadian Prince Edward Island-based indirect subsidiary, Canada's Island Garden, will undergo a significant expansion to support the growth of its Canadian cannabis line. This state-of-the-art expansion will increase Canada's Island Garden's production capacity of medicinal cannabis, and recreational cannabis as and when sales for the recreational adult market are legalized.
Phase 1 of the expansion, which includes a 166,000-square-foot greenhouse and 54,000-square-foot warehouse, is a $27 million (CAD$35M) investment. The warehouse is being constructed to also accommodate Phase 2 of the expansion, which would add an additional 90,000 square feet of greenhouse space. Phase 1 will increase the facility's annual production capacity from 1,200 kilograms to 18,000 kilograms and is expected to be complete in spring 2019. Assuming completion of Phase 2, Canada's Island Garden would have a total annual production capacity in excess of 35,000 kilograms.
Both the Phase 1 and Phase 2 expansions are designed to feature the latest technological advancements in horticulture and cannabis production to allow for the production of a premium-quality and sustainable product for consumers in Canada, optimized to create comprehensive transparency and traceability, from plant to final product, while also including security protections to maintain proper control of the facility.
Canada's Island Garden also unveiled a new FIGR brand, which reflects the scientific rigor and decades of agronomic excellence for which it is known. Since the acquisition of 75% of Canada's Island Garden by Canadian Cultivated Products, a wholly owned indirect subsidiary of Alliance One, the Canadian companies have been working on a new naming and branding concept. Canadian Cultivated Products will be rebranded to FIGR Cannabis, Canada's Island Garden to FIGR East and Goldleaf Pharm, a sister company in Simcoe, Ontario, to FIGR Norfolk.
FIGR products are intended become available to the public in Canada as soon as sales in the recreational adult market are legalized. Sales to medical patients in Canada will remain under the current branding of Canada's Island Garden.
About Alliance One International, Inc.
Alliance One International is an agricultural company that delivers value-added products and services to businesses and customers, and is a trusted provider of responsibly sourced, independently verified, sustainable and traceable products and ingredients.
About Canada's Island Garden
Based in Charlottetown, Prince Edward Island, Canada's Island Garden is Prince Edward Island's only federally licensed producer of cannabis. In January 2018, Canada's Island Garden announced a supply agreement with the Province of Prince Edward Island to provide a safe, high-quality supply of cannabis to Islanders. For more information, visit www.canadasislandgarden.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations of future events. Such statements include, but are not limited to, statements about future plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results may differ materially from those currently anticipated expected or projected. The following factors, among others, could cause actual results to differ from those expressed or implied by the forward-looking statements: the impact of regulation and litigation and risks and uncertainties associated with the expansion of the FIGR brand, including the risk of obtaining anticipated regulatory approvals in Canada, as well as the anticipation of enactment of Canadian legislation legalizing the production and sale of cannabis for adult recreational use, delays in the completion of the construction of the facilities, including due to unforeseen conditions, such as adverse weather, and unanticipated variations in design during the construction of facilities that may affect ultimate annual production capacity. Additional factors that could cause Alliance One's results to differ materially from those expressed or implied by these forward-looking statements can be found in Alliance One's most recent Annual Report on Form 10-K and its Quarterly Report on Form 10-Q for the period ended December 31, 2017 and the other Alliance One filings with the Securities and Exchange Commission (the "SEC") which are available at the SEC's Internet site (http://www.sec.gov).
Where's the news at?
Might be a big squeeze in the works here from looking at today's action
Likely $100 stock
But still $AOI is my long term play. Loving it!!!!
Would be nice to get an update from the company
Looked good for a minute this morning
There's a disconnect going on. I've been plowing a ton of cash in this one while the market figures it out. Been shifting funds from Lexaria... so take some solace over on that board. It's not just the warrant holders that have been selling! :) I need that ticker to stay quiet or dropping until I can rotate back (still own a ton there).
This auto generated article puts the fundamental value of AOI at $23.50. https://www.forbes.com/sites/greatspeculations/2018/03/23/what-is-alliance-one-internationals-fundamental-value/
The article has no mention of the cannabis or hemp aspect of the biz. It doesn't discuss the great news out of the states on the hemp bill that McConnell is proposing. In that case, I'll take the base valuation any time.
Basically I think there are two charts being played. The one that shows a gap at 13-16 that needs to fill. The second is the one that considers it a breakaway gap and looks forward. So I'll guess that the ticker is attracting a lot of shorters beating it down. Some of the funds that have been in for a long time might also want to capture some profits before quarter end. In the end... all guesses.
I'm happy to wait until year end fins are out. Fresh year starting next week!
wow. a straggler from the land of Golden Leaf Holdings and their 850M share float. lol
sorry, I have a perma-ban from Stockhouse after taking on Chris Parry, Stockhouse and the pumpers from hell on that ticker a couple years back.
Sorry... no chance with your connection. It's Goldleaf Pharm Inc. The only connection possible is a trademark infringement complaint if the Oregon guys ever show up. :)
New bill to legalize industrial hemp in US. AOI already bought in to criticality and said they will be a leader in this field. AOI only way to play this
surprised to see the dip, still looking for entry. Is today the day? Any idea of the cause?
I think this guys own a piece of GLDFF.
Check it out see what you see.
HG
Nice after hours pop
AOI case study. Pages 78 to 91 in the newest CANNAINVESTOR magazine.
https://t.co/9KaCFT0177
10% dip just what we needed to flush out weak hands
$AOI these dips are a blessing. Can’t wait to reply to these messages come Aug when we are at $200+
Good Morning $AOI let’s break that $30 today!!!!
$AOI nice buy after hours $28.995
$AOI extremely undervalued & under the radar right now
$AOI short squeeze probably engages at $30 :)
Gobble the dips while the opportunity presents itself. Won’t happen often
$AOI 4/20 around the corner. All you Canadians up there keep puff puff passing
$AOI 2018 stock pick of the year!!! See you at $420
$AOI BOLD PREDICTION $420 by 8/22/2018 ????????
$25.90 high of the day so far!!!!
$AOI tons of shorts, probably say $30 break has then cover??? Then squeeze baby squeeze
$AOI if they get 1,000,000 square feet growing space. Average is 39.5 grams a square foot/ 4 harvests a year = 158 million grams a year??? Sound close?
$AOI extremely cheap!!! Other companies worth over $4billion the market cap here is tiny
$AOI exciting times to be getting in. July 1st will be history in the making
$AOI perfect timing as well July 1 recreational use of cannabis will be allowed in Canada $$$$$$$$$$$
$AOI only 9mill o/s and in the cannabis sector, holy cow will this skyrocket
Seeking Alpha article on AOI
https://seekingalpha.com/article/4153462-alliance-one-transforming-international-cannabis-company
Looks like a Seeking Alpha write-up is coming soon. super-trades has 75K twitter followers.
https://seekingalpha.com/instablog/94532-super-trades/5123740-aoi-transformed-global-cannabis-company-2_5-million-float-200m-market-cap
Finally!!! A company with big pockets is getting into the weed business!!! I’m all in!!! This company is going to grow huge with its 5 year plan. Hemp—CBD — greenhouse weed!!!!!
Gapper in pre market. Going to be a great trading day.
Glad ya'll found the bread crumbs.
AOI... under the radar.
More shops buying in. This is going to skyrocket!
https://www.sec.gov/Archives/edgar/data/939930/000081437518000005/0000814375-18-000005-index.htm
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