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we should do very good from this price
I'm watching closely. I thought we were at the bottom a few weeks ago and then the whole market collapsed.
A bit of news. One thing about R&D is that you an get tax credits in the USA. Notbsure about Canada's tax laws.
https://www.prnewswire.com/news-releases/aurora-announces-unprecedented-fall-product-release-across-adult-use-and-medical-markets-301650283.html#:~:text=New%20flower%20products%20include%20three,Group/Aurora%20Cannabis%20Inc.)
We need something...lost my ass on this one.
By the way, why don't you tell everyone how much ACB is down since they started the whole "adjusted" EBITDA stuff.
Wouldn't that be an interesting data point of how much credibility the market puts in it?
Facts matter
They have continuously used the "adjusted" term regarding their claim. This is a widely discredited way of being able to force numbers to be what they want them to be.
But now, they have added the term "run rate" to their claim. You may want to look that up. It means they don't actually have to do what they claim, It means they can make a claim based on estimates that will never be true.
Double sets of weasel words. The market sees through that.
Facts matter
Aurora Cannabis still sees positive adjusted EBITDA run rate by year end $ACB
Great news. Except ACB is down 23% since then.
Facts matter
Not a single dollar of that came from product. Every dollar came from selling shares.
Facts matter
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
Aurora Cannabis $ACB Has $439.14M in cash
They have continuously used the "adjusted" term regarding their claim. This is a widely discredited way of being able to force numbers to be what they want them to be.
But now, they have added the term "run rate" to their claim. You may want to look that up. It means they don't actually have to do what they claim, It means they can make a claim based on estimates that will never be true.
Double sets of weasel words. The market sees through that.
Facts matter
Well.. if another RS that's easy. I bet they would file for an extension if they go under 1 dollar like sundial and others did previously ...
If we are all going to play the guess game, I'm with bounce, even with not RS I bet all cannabis stocks rally around election time where Germany will ramp up further maybe in spring of 2023? Don't hold me to it!
Well.. if another RS that's easy. I bet they would file for an extension if they go under 1 dollar like sundial and others did previously ...
If we are all going to play the guess game, I'm with bounce, even with not RS I bet all cannabis stocks rally around election time where Germany will ramp up further maybe in spring of 2023? Don't hold me to it!
Which doesn't make logical sense unless some bug moves are coming (up or down)
I'm hopefully! I didn't average down that far however.
Maybe. Do you think this is them knowing they missed ebita positive and they are selling as many shares possible before they break the news to shareholders? I believe everyone probably feels its game over if they miss.
That's great news.
Can you please show where you made that prediction?
"Soon" is a perpetual timeframe. Can you please define when "soon" is?
Facts matter
That's strange, all of them are now below the level before the announcement.
It should read, "Cannabis ETFs Crash After Biden Pardon"
Facts matter
I will buy when I see $015
Cannabis ETFs Soar After Biden Pardon
https://www.420intel.com/articles/2022/10/11/cannabis-etfs-soar-after-biden-pardon $ACB
I told you going up to $5.00 soon. Load the cheapies.
Of course. It's the continuation of "Cam said so."
Now it's "Miquel said so."
We can't forget the next quarter perpetual timeframe either. You still have that one to hold on to.
The market does know.
Facts matter
Yeah, in an earlier post I saw a response"the market knows". I believe miguel is doing exactly what he stated. I was pretty sure he claimed ebita positive to be reported this last earnings, but someone pointed out that's when it starts. I was also thinking they had all the crap goodwill done...nope.. got blasted with that. Tax wise it made sense for some of their moves. Some is questionable. Example is they claim to have saved 5% paying off the 23mil.... but did they really save? The dilution at these low prices is costing alot more ino. Only thing I can think why they did that is because they might be entertaining a buyout
Yeah, in an earlier post I saw a response"the market knows". I believe miguel is doing exactly what he stated. I was pretty sure he claimed ebita positive to be reported this last earnings, but someone pointed out that's when it starts. I was also thinking they had all the crap goodwill done...nope.. got blasted with that. Tax wise it made sense for some of their moves. Some is questionable. Example is they claim to have saved 5% paying off the 23mil.... but did they really save? The dilution at these low prices is costing alot more ino. Only thing I can think why they did that is because they might be entertaining a buyout
Yeah, good things are coming to this industry. Germany will probably be next in 2023 which we are in good shape to get a nice percentage of that market. I'm kinda wondering what acb's play will be with our most recent aquasition. I believe more exists to the road map they are tight lipped on. We have two pathways into the usa from what I can tell.
Because Aurora keeps a focus on medical more than the other Canadian companies, and the fact cannabis is proving itself in the medical world. Makes me wonder with our orca/research if Aurora is trying to show a pathway for big pharma to profit from. For a long time I felt some sort of relationship would happen. Just not sure what that relationship would look like.
The Global Cannabidiol CBD Market Size was estimated at USD $551.20 million in 2021 and is projected to reach USD $3154.20 million by 2028, exhibiting a CAGR of 28.30% during the forecast period $ACB
Vice President Kamala Harris Touts Federal Marijuana Pardons Afters Months Of Silence On Cannabis Reform
https://www.marijuanamoment.net/vice-president-kamala-harris-touts-federal-marijuana-pardons-afters-months-of-silence-on-cannabis-reform/
Trudeau: Legalizing marijuana will better protect kids and community
https://nbcnews.com/video/canadian-prime-minister-justin-trudeau-says-legalizing-marijuana-will-protect-kids-1260337219539
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
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