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Too funny. You may want to take a look at those numbers closely. The percentages are tiny compared to the industry.
I wonder why that is? Do tell
Facts matter
$ACB Top Institutional Holders
Holder Shares Date Reported % Out Value
ETF Managers Group, LLC 10,526,850 Jun 29, 2022 3.50% 10,947,923
Vanguard Group, Inc. (The) 7,118,236 Jun 29, 2022 2.37% 7,402,965
Millennium Management Llc 3,274,509 Jun 29, 2022 1.09% 3,405,489
Renaissance Technologies, LLC 3,220,384 Jun 29, 2022 1.07% 3,349,199
Shaw D.E. & Co., Inc. 2,664,650 Jun 29, 2022 0.89% 2,771,235
Two Sigma Investments, LP 2,515,071 Jun 29, 2022 0.84% 2,615,673
Morgan Stanley 2,385,461 Jun 29, 2022 0.79% 2,480,879
Mirae Asset Global Investments Co., Ltd. 1,798,034 Jun 29, 2022 0.60% 1,869,955
Bank of Montreal/Can/ 1,124,549 Jun 29, 2022 0.37% 1,169,530
Dimensional Fund Advisors LP 1,021,516 Jun 29, 2022 0.34% 1,062,376
Top Mutual Fund Holders
Holder Shares Date Reported % Out Value
ETF Managers Tr-EFTMG Alternative Harvest ETF 10,526,850 Jun 29, 2022 3.50% 10,947,923
Global X Fds-The Global X Cannabis ETF 2,921,758 Aug 30, 2022 0.97% 3,038,628
Vanguard International Stock Index-Total Intl Stock Indx 2,682,478 Jul 30, 2022 0.89% 2,789,777
Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund 1,563,747 Jun 29, 2022 0.52% 1,626,296
DFA Investment Dimensions-Canadian Small Company Series 763,275 Jul 30, 2022 0.25% 793,805
Spinnaker ETF Tr-Cannabis ETF 408,045 May 30, 2022 0.14% 424,366
Schwab Strategic Tr-Schwab International Small Cap Equity ETF 351,932 May 30, 2022 0.12% 366,009
College Retirement Equities Fund-Stock Account 331,029 Jun 29, 2022 0.11% 344,270
Fidelity NASDAQ Composite Index Fund 266,465 Aug 30, 2022 0.09% 277,123
iShares Core MSCI Total International Stock ETF 252,412 Aug 30, 2022 0.08% 262,50
You left out that the amount of money they get from selling shares is many times the amount of money they get from selling product.
Why would you leave that out? Do tell
Facts matter
It could be the market knows how to read financial sheets and not the hype of false promises and fake numbers
They see constant write-downs of 100s of millions of dollars.
They see claims of great balance sheets that have nothing to do with the product they purport to sell.
They see claims of EBITDA positive that are surrounded by all sorts of discredited qualifiers.
They see management bonuses based on how much they dilute shareholders.
Facts matter
Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. The company produces, distributes, and sells medical and consumer cannabis products in Canada. It is also involved in the distribution of wholesale medical cannabis in the European Union (EU); distribution of wholesale medical cannabis in various international markets, including Australia, Caribbeans, South America, and Israel; and distribution and sale of hemp-derived cannabidiol (CBD) products in the United States (U.S.) market. In addition, the company cultivates and sells dried cannabis, cannabis oils, capsules, edible cannabis, and cannabis extracts, which are ingested in various ways, including smoking, vaporizing, and consumption in the form of oil, capsules, edibles, and extracts; and provides dried milled strains and strain specific cannabis oils. Further, it offers patient counseling and outreach services. The company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard, as well as CBD brands, Reliva and KG7; and medical cannabis brands include MedReleaf, CanniMed, Aurora, and WMMC. Aurora Cannabis Inc. is headquartered in Edmonton, Canada. $ACB
Nah, it's not. The market knows ACB writes down 100s of millions of dollars constantly.
The market knows the true value of ACB
Facts matter
Aurora Cannabis $ACB Book Value is $2.22 - DOUBLE YOUR MONEY. Has almost half a BILLION IN cash at $439.14M
And the pain. No idea why the decline like tbis.
Cannabis Extract Market - The global cannabis extract market size is expected to be valued at USD $28.5 billion by 2027, according to a new report published by Grand View Research, Inc. $ACB
Cannabis stocks rocket to a record day after Biden lights the fuse https://marketwatch.com/story/cannabis-stocks-rocketed-to-record-day-after-biden-lit-the-fuse-11665088319 $ACB
Germany, Luxembourg, Malta And The Netherlands Recently Discuss Marijuana Legalization At a Historic Joint Meeting. $ACB
As the Biden administration pardons thousands convicted of cannabis possession, some see a small step toward legalization
https://www.opb.org/article/2022/10/07/president-joe-biden-pardon-cannabis-possession-crimes-marijuana-legalization/ $ACB
Biden’s pardons for marijuana possession inject issue into midterms final stretch
https://www.washingtonpost.com/politics/2022/10/07/biden-marijuana-midterm-elections/ $ACB
Biden Health Secretary Has Already Talked To FDA About Marijuana Scheduling Review, Which Will Move ‘Quickly’ https://www.marijuanamoment.net/biden-health-secretary-has-already-talked-to-fda-about-marijuana-scheduling-review-which-will-move-quickly/ $ACB
Cannabis Extract Market - The global cannabis extract market size is expected to be valued at USD $28.5 billion by 2027, according to a new report published by Grand View Research, Inc $ACB
Netting will help ACB going down to $0.50 soon
And ACB has declining revenue and has been laying people off and closing facilities. How is it they are going in the opposite direction? Do tell
Facts matter
And at the same time ACB revenue declined, ACB margins declined
Declining revenues and margins in a growing market? Do tell
Facts matter
Wow. ACB is in the hemp market? Do tell
Facts matter
Cannabis Extract Market - The global cannabis extract market size is expected to be valued at USD $28.5 billion by 2027, according to a new report published by Grand View Research, Inc. $ACB
Retail Cannabis Market Generated $11 Billion in Sales, More Than 90,000 Jobs.
https://norml.org/news/2022/02/17/canada-retail-cannabis-market-generates-11-billion-in-sales-more-than-90000-jobs/ $ACB
The Marijuana Opportunity Reinvestment and Expungement (“MORE”) Act (H.R. 3617) passed the House on April 1, 2022. $ACB
The rule of pot politics, as recently put by legalization supporter Sen. Jeff Merkley of Oregon, is that, “No one has paid a political price ever for supporting cannabis.” In this year’s races, we’ll see if anyone pays a price for opposing it.
The House approved it, so when will the US legalize marijuana?
The pandemic saw a boom in legal recreational Cannabis sales across Canada. From March 2020 to February 2021, sales totaled $2.5 billion, double the $1.25 billion of the previous 12 months $ACB
The Industrial Hemp market size was worth around US$ 4.5 billion in 2021 and is estimated to hit approximately US$ 17.24 billion by 2030. $ACB
ACB says, "Balance Sheet Among Strongest in Industry"
The market says, BS. The fact is, by all metrics, ACB is the lowest valued in the industry by the market.
Facts matter
That's great news! How's it done since that change?
Facts matter
Aurora Cannabis Inc Raised to Hold From Sell by Canaccord Genuity $ACB in sept
Aurora Cannabis Repurchases ~US$23 Million Principal Amount of Convertible Notes; Balance Sheet Among Strongest in Industry $ACB
'Colorado And Washington Got More Tax Revenue From Marijuana Than From Alcohol Or Cigarettes In FY22, Report Finds'
Biden pardons all federal offenses of simple marijuana possession in first major steps toward decriminalization
https://www.cnn.com/2022/10/06/politics/marijuana-decriminalization-white-house-joe-biden $ACB
A 2 month old article?
How's that working out?
Facts matter
Aurora Cannabis Inc. $ACB has $0 in cash from their cannabis business.
Every dollar they have is from selling shares and diluting shareholders.
They are not in the cannabis business. They are in the selling shares business.
That is why they are valued so low
Facts matter
Germany, Luxembourg, Malta And The Netherlands Recently Discuss Marijuana Legalization At a Historic Joint Meeting. $ACB
Aurora Cannabis Inc. $ACB has $439.14M in cash.
Full Time Employees: 1,338
https://auroramj.com
Given that article is one month old, how'd that work out for you?
Not a single dollar of that came from product. Every dollar came from selling shares.
Facts matter
During that time of growth for the industry, ACB revenue and margin continuously declined.
Facts matter
Cannabis stocks rocket to a record day after Biden lights the fuse https://marketwatch.com/story/cannabis-stocks-rocketed-to-record-day-after-biden-lit-the-fuse-11665088319 $ACB
Stocks Get a Glimmer of Hope as Signs of Peak Inflation Appear
https://bloomberg.com/news/articles/2022-09-14/stocks-get-a-glimmer-of-hope-as-signs-of-peak-inflation-appear $ACB
$ACB The pandemic saw a boom in legal recreational Cannabis sales across Canada. From March 2020 to February 2021, sales totaled $2.5 billion, double the $1.25 billion of the previous 12 months $ACB
Aurora Cannabis has $439.14M in cash. $ACB
News out as well. Between this and Biden, good things imo.
"Aurora Cannabis Repurchases ~US$23 Million Principal Amount of Convertible Notes; Balance Sheet Among Strongest in Industry"
Pretty bold move. The start of something.
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