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Very interesting and encouraging. Thank you. ACB
Looks more positive for sure. :)
Not huge buys but they are buying, not selling! https://www.etfdailynews.com/2023/02/16/barclays-plc-buys-217500-shares-of-aurora-cannabis-inc-nyseacb/
Another step closer! I still believe medical will be federally legal in some way in 2023! https://www.marijuanamoment.net/biden-signs-equity-focused-executive-order-that-touts-marijuana-clemency-actions-calling-criminalization-a-failed-approach/
Nice . Did you see they reduced the tax on cannabis (Canada) as well? All good things going on in 2023
Just now: First-ever cannabis bill to clear a US Senate committee
Marijuana Moment news@marijuanamoment.net via gmail.mcsv.net
10:20 AM (7 hours ago)
/ BREAKING NEWS
This Marijuana Moment breaking news update is brought to you by FundCanna.
A U.S. Senate committee approved a bipartisan bill on Thursday to promote marijuana research for military veterans—becoming the first piece of standalone cannabis legislation ever to advance through a committee in the chamber.
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The VA Medicinal Cannabis Research Act, sponsored by Veterans' Affairs Committee Chairman Jon Tester (D-MT) and Sen. Dan Sullivan (R-AK), is intended to mandate studies by the U.S. Department of Veterans Affairs (VA) to explore the therapeutic potential of cannabis for veterans with post-traumatic stress disorder (PTSD) and chronic pain.
READ MARIJUANA MOMENT'S ARTICLE FOR MORE INFO...
And so this begins!
https://www.politico.com/news/2023/02/15/twitter-weed-ads-elon-musk-00083026
"Aurora Cannabis trades at a significant discount compared with its large Canadian peers, based on my analysis of enterprise value-to-forward sales ratio."
https://seekingalpha.com/article/4578481-aurora-cannabis-bullish-european-opportunity-improving-financial-profile
Glad to see the discussions are still happening !
https://www.marijuanamoment.net/schumer-meets-with-gop-senators-to-discuss-marijuana-legislation-for-new-congress/
Excellent point !
Nice to see you agreed that I said everyone doesn't like these stocks right now! Here is one guy thats interesting to follow: https://www.marijuanamoment.net/could-house-republicans-end-cannabis-prohibition-op-ed/?s=09
What matters is what the market thinks and the market thinks all these companies are nothing but targets for shorting. The market also does not share your optimism for the future of cannabis companies or they would not be down 90 percent with nothing but pipe dreams in sight. There will not be legalization in the US anytime soon (this year), I would be willing to bet on it. If they do legalize it will be medical, which isn't going to be a big enough catalyst to turn things around since medical pot is already legal in 37 states. The lobbyist for Big Pharma and Alcohol have really done a fantastic job of buying politicians to keep Cannabis as a schedule 1 drug, under the auspices of social justice/equity.
Many are undervalued because everyone is pissed off and not putting $ here. All i said is they did better than what I was expecting. Bevo should make this next quarter look better btw. The ship was turned around if you think back where we where. As for what cannabis companies I believe will survive, acb, ogi, hiti, tilray, and ayrwf. I'm looking over a few others as well. On Twitter I also see a guy talking to the senators... he is thinking talks will not start until after April. I think he is pushing legalization, but imo Biden and the senate will probably only push through medical, and I'm taking a risk that will happen this year.
Many are undervalued because everyone is pissed off and not putting $ here. All i said is they did better than what I was expecting. Bevo should make this next quarter look better btw. The ship was turned around if you think back where we where. As for what cannabis companies I believe will survive, acb, ogi, hiti, tilray, and ayrwf. I'm looking over a few others as well. On Twitter I also see a guy talking to the senators... he is thinking talks will not start until after April. I think he is pushing legalization, but imo Biden and the senate will probably only push through medical, and I'm taking a risk that will happen this year.
And if done responsible, growth. Their aquasitions with this new ceo is working out. Same with othets in this style of industry as take high tide for example, their aquasitions are working out as well. Nothing new so I'm not sure why you are pushing it as a. Negative
Next month, next year?
The song remains the same
"Adjusted" EBITDA has come and gone. No one bought it
There will be spurts up and spurts down. Their stated desire for more acquisitions, while still facing declining revenue, will require even more dilution
Really, how much longer do you think these cannabis companies can hold out? Most are down 80 to 90 percent. I predict US legalization in any form is a few years away. Big Pharma and alcohol dont want it and they have VERY powerful lobbies.
I disagree as I'm thinking the usa is going to start talking about legalization of medical (not rec) over the next few months. Biden started the ball rolling to this tune late last year. Rec will probably start getting discussed in 2024.
The fact is that the Hedge Funds are going to continue to short these Cannabis Companies to oblivion and there is no material event on the horizon i.e. US Legalization to slow that down. For the Hedge Funds its like shooting fish in a barrel.
Mergers, acquisitions, and % distribution = DILUTION
No one fell for the phony "adjusted" numbers. Their real numbers were worse than expected
Even their PR has all over it that "Adjusted EBITDA is a Non-GAAP Measure". Meaning it is not generally accepted. Fun stuff in the "adjustments":
Out-of-period adjustments $516,000
Non-recurring items $6,803,000
Markets under development $1,073,000
That's $8.3m of phony stuff
Oh wait, don't forget almost $12m in "Business Transformation related charges"
No one is buying it
I'm surprised it's as good as it is, the ship has definitely turned around. I value player's input pointing out the dilution as well. I didn't listen to the cc to explain the numbers, hopefully they gave some guidance as well.
Wow insane dilution!
Net product revenue: $61.7m
Selling shares revenue: $68.7m
Again, their main product is shares, not cannabis
Good report today. I like it.:) ACB.
I believe most will love this video about aurora and "science"
Starting tomorrow, every morning for the next two weeks, "America’s top conservative legalization advocate," will offer up 10 Reasons to be Bullish on #SAFEBanking in the #118thcongress . All are upgrades from the 117th. Off to church, enjoy your day.
— Don Murphy (@donmurphy12a) February 5, 2023
Just noticed they made up a new website! https://www.auroramj.com/
Not saying we will have the same outcome, as im listening to hightides cc, but hightide did have a big slowdown with cbd sales. Meaning Relieve might come inless.here with acb Hopefully our company here is as upbeat as high tides overall is! I'm excited for us...ebita positive finally...well, we are supposed to be.
"A call for more German production
Schinnenburg wants the federal government to vastly increase the production volumes for medical cannabis.
“To meet the growing demand and make medical cannabis ‘Made in Germany’ an export hit,” Schinnenburg told MJBizDaily he wants the government to increase the production quota from the current 2.6 tons per year to 50 tons"
For the industry as a whole or just acb? Imo it's going to be scheduled differently in the USA which changes the landscape for everyone in this space
i feel something big is coming
I'm seeing more and more cannabis stocks finally showing some financial strengths. My hope is ACB pulls off this adjusted ebita positive in a credible way. 5 bucks probably won't be this week, but if things play out as I'm hopeful about, I can see that happening. Even the usa will probably legalization medical first like our ceo said over a year ago. We need to show we can make the $ bill at the end of the day. Others in tbis industry are now showing strengths, so we need to too
That's what I'm thinking. merge with an American company like the one Jim Belushi owns. someones buying and accumulating
I don't believe ACB can revive itself alone, a merger of some sort is needed here.
RIIIIIIGHT, wishful thinking at best.
Hopefully. BTW, I noticed many other stocks using "adjusted ebita" so I guess it's not way abnormal. Cheapens the idea about it anyway. A few things can make this stock pop imo, Even if canada removes or lessons the excise tax would help out many, not just aurora. Both germany and the usa are moving forward, so eventually we should start hearing things about that. OGI had a respectful earnings. I was not overly impressed with Tilray's, but Tilray's CEO continues to validate the moves our CEO did here ar Aurora over the past couple years were smarter and yet conservative moves. Hiti also has some respectful trends going on too. So yes, but I've been wrong before, I believe the industry as a whole started showing some strengths... and I too expect the excitement to grow in 2023 for the industry.
giddy up. have a feeling some big news in the works
It is better to remain cautious because legalization at the federal level is not won.
I've been ready for way too long. Medical will most likely be first in the USA, which I believe will be discussed here in 2023..and where we should start seeing the excitement with many of these stocks again.
Don't be fooled. legal pot soon
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