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Still trwnding up in a channel for months! Earnings tomorrow! If managment did as they said, we should be ebita positive over the last 12 montbs, whrre im hopeful the shareprice will go back up to where I feel it should be.
I dont trust the current administration will pass anything. They bring these topics up around election time, where eventually sonething will happen because they will know voters will see they just talk with no action.
Yep. One step at a time. Im pretty excited for the 20th/earnings as its my belief we are finally back on track and hopeful this will win back confidemce of many. Germany just came online earlier this year, and many places in europe are embracing medical cannabis. If we dont hit ebita positive over the padt 12 months, well, my jaw will drop and they better have good reason.
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
“Before moving forward, legislation like SAFE Banking requires changes to ensure that the communities most harmed by our broken marijuana policies receive support and small cannabis businesses can have the same access to capital as large multi-state operators.” $ACB
Nevada Judge Rules Cannabis Can No Longer Be Classified As A Schedule 1 Drug $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
$ACB 12-month price forecasts for Aurora Cannabis Inc have a median target of 2.14, with a high estimate of 4.00 and a low estimate of 1.55. The median estimate represents a +48.49% increase from the last price of 1.44. https://money.cnn.com/quote/forecast/forecast.html?symb=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
With Democrats Gaining Legislative Momentum, Now Is The Time For Biden To Weigh In On Marijuana Legalization https://www.forbes.com/sites/kriskrane/2022/08/10/with-democrats-gaining-legislative-momentum-now-is-the-time-for-biden-to-weigh-in-on-marijuana-legalization $acb
Biden Says He’s ‘Working On’ Fulfilling Marijuana Campaign Pledge To Free Prisoners https://marijuanamoment.net/biden-says-hes-working-on-fulfilling-marijuana-campaign-pledge-to-free-prisoners/ $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
Yeah, im pretty excited about this earnings cc coming up. Hopefully everything claimed plus more takes place
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
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/
Aurora Cannabis Inc. $ACB has $432.21M in cash.
http://twitter.com/Hempcontrarian
$ACB Book Value is $4.86 per share. $ACB has $432.21M in cash
Earnings Conference Call Details
DATE: Tuesday, September 20, 2022
TIME: 5:00 p.m. Eastern Time | 3:00 p.m. Mountain Time
WEBCAST: https://viavid.webcasts.com/starthere.jsp?ei=1564278&tp_key=5ce7d404d9
Edit... didn't realize this was an old article
https://www.benefitscanada.com/news/bencan/aurora-cannabis-to-cover-medical-marijuana-for-employees/
He's some details. It's interesting how this all went down as we still have a connection to aurora sky with the controlling interest.
Organization Website
bevofarms.com
Phone Number
6048880420
Bevo Farms Ltd industries
Wholesaling
Headquarters Location
7170 Glover Rd, Langley, Br...
Bevo Farms Ltd Employees Size
100-200 employees
Founded
1986
Estimated Annual Revenue
$5.0M - 25M
Operating Status
Independent
Nice press release today. Good to see we still have use with aurora sky, just different than I would have ever expected.
Medical Cannabis is ACBs current path at least.
We all secretly know this already...
https://www.dailymail.co.uk/health/article-11138001/Taking-cannabis-mid-20s-damages-cognitive-development-NIH-expert-warns.html
And. we get further...
It's getting closer to that 2 dollars! With ACB going Adjusted EBITDA positive and the usa politics talk ramping up(Hopefully action soon), and now Switzerland.... seems things should be working towards acb's camp. It would be a nice treat if EBITDA positive however. Not a huge fan of Adjusted EBITDA positive..
Still trending in the direction I like to see!
As acb said, medical first for many! https://www.forbes.com/sites/dariosabaghi/2022/07/27/switzerland-fully-legalizes-medical-cannabis-and-allows-export/
I don't understand how that can be?
The sub-sub penny stock people say this is a "top choice" and there is "a rumor of a buy out" and the "price target has been raised." And let's not forget the famous "breakout alert".
Getting close to flip time again on this pathetic stock because it always make a short term move in cohoots with news on another pot stock like Tilray or something but it's always short lived.
Great news. Of course, it should also be mentioned that they had just lowered their target from C$4.00.
Of course, it was Cowen who continually recommended buying ACB as it plummeted. Most people didn't recognize that it was Cowen who got a cut of all the placements and dilutions. They benefitted by the share's massive descent.
Details matter
https://www.marketbeat.com/instant-alerts/tse-acb-a-buy-or-sell-right-now-2022-07/
Simon loves to buy duds... lol
Aurora Cannabis Inc Price Target Raised to C$2.00/Share From C$1.85 by Cowen & Co $ACB
House-passed NDAA includes banking provisions for cannabis
https://www.bankingdive.com/news/house-passed-ndaa-includes-banking-provisions-for-cannabis/627485/ $ACB
One example:
March 15, 2022: $2.97 USD
April 15, 2022: $3.67
BILL
2. S.4591 — 117th Congress (2021-2022)
A bill to decriminalize and deschedule cannabis, to provide for reinvestment in certain persons adversely impacted by the War on Drugs, to provide expungement of certain cannabis offenses, and for other purposes.
Sponsor: Sen. Booker, Cory A. [D-NJ] (Introduced 07/21/2022) Cosponsors: (4)
Committees: Senate - Finance
Latest Action: Senate - 07/21/2022 Read twice and referred to the Committee on Finance. (All Actions)
What charting system are you using? I remember it going sideways but don't recall it going up over a monthly range this year Yeah, adjusting ebita can be deceptive imo too, but hopefully what's recorded are the big concerns most of the institutions want to see. I did read things like bonus(s) don't need to be included for example.
ACB has trended up over a month many times. The last time was March-April of this year. The price has always, without exception, then crashed.
We'll see on the EBITDA positive stuff. But you know my opinion on that.
As for buyouts, breakouts, etc.. the sub-sub penny stock players like to try that stuff hoping to get out of their bad purchases. They are rarely correct and a broken clock has been more accurate.
I cannot remember the last time we trended up over a month's time frame. Hopefully we make it to to the 3 month with this trend..and beyond!. I believe they will be ebita positive. Just concerned about any "adjusted" ebita positive because what might get left out might piss off investors. As for any "rumor" of a buyout, I'd be interested for that person to point to where this rumor is brought up as I would like to read it myself.
$ACB Here comes $2's
Maybe the rumor of a buy out is true?
ACB is a top choice, among people shorting these Canadian LP's into oblivion.
Aurora Cannabis will always be the top choice, and a top among the top performers...!.
Most cannabis/hemp/cbd stocks will grow into big companies and the sector breakout rally is due any day!...with or without legalization bullshit, cannabis stocks will raise to its all time high ....!.
Good point however after the HEXO debacle, I think Simon will be out of money and struggling to keep TLRY afloat. What a dumb move on his part.
Tilly might buy them , he bought Hexo after all. Simon has Global Dominance Ideations....
Very few of these Canadian LP's will survive the next 6 to 12 months without US legalization. I dont think ACB is one of them without an R/S or merger.
See you under a buck
What happens when the elephant in the room is the room itself?
That question for investors in Aurora Cannabis was finally answered with news this last quarter that its massive state-of-the-art Sky greenhouse outside Edmonton would be shuttered in the fall.
Announced with great fanfare in 2018, the 800,000 sq. foot Sky facility was designed to be as close to automated as you can get, estimated to be capable of producing as much as 8,000 kg of cannabis per month in 17 production rooms.
But by the time production started in 2019, with a price tag of well over $100 million, the Canadian cannabis production market was already over capacity with consumer tastes moving rapidly toward the hand-produced craft segment that is everything the Sky facility is not.
While they didn’t talk about it on investor conference calls, it was long rumoured Aurora found out the hard way what legacy growers had known for decades — scaling it up always comes with problems and the more you scale it up, the bigger the problems.
By the time its closure was announced last month, Sky was operating at 25 percent capacity and a victim of its own size, a behemoth unable to respond to constantly shifting consumer demands at a competitive price.
“Sky was originally created… to be one of the largest global, almost completely automated facilities to grow what I would call mid-tier flower,” Aurora CEO Miguel Martin told investors during the last Q3 call. “As the consumer evolved very quickly, bud quality, density, moisture, all of those things [we found] does not lend itself to automation…”
Success, as some say, has a thousand fathers while failure is an orphan. Aurora did not respond to interview requests.
Neither did Canopy when asked similar questions about the demise of its equally ambitious Tweed Farms greenhouse facility in southern Ontario or in British Columbia.
This is not to pick on either company in particular, it’s just that they are some of the most recent examples of big cannabis plays from the early days of legalization failing to come to fruition.
If Canada’s big players don’t have the answer, who knows what it takes to pull off a high-quality cannabis crop at a competitive price at volumes that could allow national sales?
While technology doesn’t hurt, it turns out the answer may be just old-school experience. And it doesn’t come from any of the big names.
It’s hard to quantify success in the recreational cannabis market fully, but Pure Sunfarms of Delta BC surely comes close.
At Pure Sunfarms, success doesn’t have a thousand fathers but rather about 800 employees operating primarily out of two 1.1 million square foot hybrid greenhouses located across the street from each other.
CEO Mandesh Dosanj says the facility is currently operating at three-quarters capacity, growing into the facility as part of a carefully planned expansion.
“We’ve never laid off an employee,” Dosanjh adds, pointing to 14 straight quarters of profitability for the publicly listed company as another sign it is doing something right.
He knows full well that part of the company’s success lies in the hybrid greenhouse model, where if done right, the higher cost and quality of indoor meets the lower cost and output of outdoor-grown cannabis.
But Dosanjh says a greenhouse is not the only factor, giving credit to the years of produce-growing experience parent company Village Farms brought to the table, long before they saw their first cannabis plant.
“We have hundreds of years of experience, first with fresh-cut flowers in the early days and then we pivoted to produce,” Dosanjh adds. “We put together an incredible team. We knew high-tech greenhouses, but we were smart enough to bring in the legacy folks.”
Dosanjh doesn’t gloat over Aurora’s difficulties but lays clear what he thinks the problems are with it and other ‘Big Canna’ players.
“In the early days, it was all about telling and selling the growth story in order to get to more capital markets, to raise share prices,” he says. “People thought they could build this defensive moat with these massive facilities. I know they ran into significant yield and quality issues where the products they were growing just weren’t worth it.”
But rather than admit they can’t scale it up, Dosanjh says the bigger companies claim inventory issues. “That’s why you see a lot of talk of inventory build-up with these organizations,” he adds.
Jamie D’Alimonte, CEO of Greenway Greenhouse Cannabis Corporation, had no problem dissecting the demise of Aurora Sky.
“I wouldn’t have started with 20 acres,” he says. “And why did they plant it all so fast? The funds were raised; why spend it right away?”
“I don’t fault the early movers for doing what they did, but they didn’t consult with the right people, the proper large-scale growers,” he says. “Cannabis is an expensive crop to grow, lots of labour and regulations. Had they started slowly, maybe Sky could have succeeded.”
D’Alimonte might just be being polite.
His recent success and that of partner and uncle Carl Mastronardi is also born of long experience growing hydroponic produce in a company first established by D’Alimonte’s immigrant grandparents.
Greenway employs a staff of 18 at two separate facilities in Essex County, ON. One facility is dedicated to propagation and the other to flower production and packaging.
The two facilities operate under different licenses and help with plant quarantine. Plants are put through the vegetative cycle at the nursery before transfer to the flower facility and one of its eight smaller growing rooms.
“The plants arrive raring to go,” D’Alimonte adds.
Growing cannabis only for just over a year, Greenway already routinely pulls 200-300 kg of cannabis per room.
D’Alimonte says their success within that facility lies in adopting tactics from the legacy growers who have long found better yields by stringing together a bunch of smaller rooms rather than running one big one.
“We’ve chosen to do that, to mimic the small-scale approach,” he adds.
And you can only take away so much of the human touch.
“Cannabis plants can’t be moved around, and there’s only so much that can be automated,” he declares. “The only automation we see is in the back end and packaging.”
The facility also includes independently controlled rooms and backup systems for just about everything.
“When growing crops you have to make sure your systems are all in place and are reliable,” D’Alimonte says. “Your location, your staff, all have to be top notch. Plants have needs that cannot be denied.”
Sustainable growth has been one of the hallmarks of the parent company’s decades-long success, he adds, but demand for their product has them already planning to scale up to two more 50,000 sq. ft. facilities.
As a final lesson, Pure Sunfarms’ Dosanjh says to understand your market as it is, not as you want it to be.
“The consumer is the heart of the market. We went to the heart of the market to understand the cannabis consumer as they are today,” he explains.
“In that context, we didn’t build a business upon the future; we built it on the regs currently in play, unlike a lot of companies who are asking government to change the rules to save their business.”
I'm all for going up. I think we have to wait for something like Germany to finalize along with confirmation we did achieve positive EBITDA. As for Adjusted EBITDA if they claim that,, it would be interesting to know what they didn't include..like maybe their bonuses.
Gap fill is due:$1.63 to 2.52!, the next move takes ACB closer to 1.60s and then gap fill a significant move to turn this a long term bull!..its coming soon!
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