Aurora Cannabis Inc (ACB)

[nickwill69]

giddy up. have a feeling some big news in the works

[MKS420]

It is better to remain cautious because legalization at the federal level is not won.

[weedisgreen]

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.

[nickwill69]

Don't be fooled. legal pot soon

[weedisgreen]

Acb was ahead whe. It comes to this concepts. Listening to the tilray earnings they just said they are looking to grow fruits and vegetables with some of their under utilized space. Tilray lagged aurora when it came to focusing on medical, and now this. Aurora at least did it in a way to aave on taxes

[MKS420]

We know the position of the company with respect to France where the justice has just recognized that the sale of CBD flowers is legal and that the state can not oppose it, which is a de facto legalization for CBD ?

France is the largest consumer of Cannabis in Europe !

https://igrownews.com/frances-state-council-revokes-order-prohibiting-cbd-sale/

[nickwill69]

spot on. they want to have a federal tax on pot. it will happen

[nickwill69]

That's what I've been thinking. Jim Belushi has been looking to buy a Canadian grow operation. he's taking over the northwest pot market

[smoking guns]

$325.57 debt. minus total assets might be ok for possible takeover merger by another less in debt expanding company. 2023 we shall see.

[Macroon]

Recreational marijuana

[Macroon]

1st legal sale of MJ in NYC today.

[BottomBounce]

$ACB has $325.57 Million DEBT

[weedisgreen]

I guess you might not have been reading my take on that as I've said a few times we are on the same page about ebita

[player1234]

No we don't. Because they will not achieve "ebita positive this month".

Their claim is "run rate, adjusted, ebita positive".

You could drive a freight train through the open holes those 2 qualifiers leave.
The market doesn't put any credence in the BS. But, they can claim anything they want. The financials continue to tell the real story and have provided the true story for years.

[weedisgreen]

I think we agree on how they really could achieve ebita positive this month...as in...like... can they really? I'm very bullish on all my current plays. It may not be this month, but legalization around the globe appears to be coming and I see all my current stocks playing within it.

[player1234]

"Player is looking at today's volume to cover,.. not when big news happens. "

1) What big news? You've been looking for big news "next quarter" for years.
2) Big volume based on some fictional news means the minor short position becomes even more insignificant than it is now.

All that supposed good news you want to claim, has resulted in a share price below $1, again, and the very real possibility of another reserve split. Not a single one of your "good news" items is quantifiable. But then, you believed Battley despite the numbers that showed he was lying. Anyone who believed that stuff, and continues to believe it, is paying the price.

You've been claiming "good news" all through the 99+% price decline. You've been claiming positive earnings, the end of dilution, multiple government saviors, increased sales, takeovers, etc. Not a single one of the claims has been true. That's a fact

[weedisgreen]

Definitely bullish as acb has a low multiple as all of the cannabis industry right now... I believe lots of good buys at these prices. Acb, hit, ogi, and tilray are all in the same boat. Acb was not in the best shape 2 to 3 years ago, but they have been cleaning things up to the point I'm wondering if they are looking to be acquired. If they did pull of ebita positive and they didn't play big games with the adjusted, that's huge along with their last couple aquasitions that are showing to be successful, and it was brilliant how they were able ro jeep sky and get a tax break. They are in ok shape over in Germany, and they have the business relationship in France. We already have an entity in the USA, reliva... will be interesting if they follow suit what cgc did. When the usa deschedules(I believe it's going to happen as it's proven it has medical purposes), any person short is going to get caught. Player is looking at today's volume to cover,.. not when big news happens. Question is, will it stay high were they are forced to cover

[player1234]

If you say so. You clearly don't have a perspective on what is a significant number

The market will continue to tell the real story. Financial facts will continue to win out over conspiracy theories. Until the financial facts change, the price direction will stay the same

[Macroon]

Thank you for making my point.

[player1234]

You should look closer. That's a tiny short interest ratio with less than 3 days of volume to cover. Even large pharma companies have higher short interest

[Macroon]

Maybe you need to look a little closer.

https://fintel.io/ss/us/acb

[Moonboy1]

Double down on that post. Haha. What complete trash and scum management from the beginning for this company

[player1234]

Really? Now it's the evil shorters and the SEC's fault?

It has nothing to do with massive dilution, continued declining revenue, continued declining margin, or continued declining market share?

You are short on facts and big on unproven conspiracies and speculation. The share price says the market sees through the phony claims.

[Macroon]

This is a long term hold.
What? You can’t flip it as fast as you want.
If the HFs and shorters were reined in by the SEC, this would not have dropped like this.

[player1234]

they turnaround has been successful from where we were in the past

Based on what metric??

[weedisgreen]

They are doing ok, not as good as o hoped. But yes, they turnaround has been successful from where we were in the past. It's still a younger industry and I would like acb to actually take on more risk getting primed for the usa and germany, which both are going to be more friendly to cannabis over the next year.

[player1234]

So, according to you, it should keep going down and that would be great.

What turnaround? They've diluted to death. They've continued to pull in less revenue, even with taking over additional companies, their margins are worse, their market share is worse.

That's a turnaround?

"Loose credibility"? They never had any credibility to lose. The share price shows that. They are just playing numbers games and hyping the slight of hand.

[weedisgreen]

I am bullish even more at these prices, but when I looked over the last earnings, I was scratching my head and wondering how they will pull off adjusted ebita neutral or positive. The ceo has been stating for a long time it's on track and going to happen. Hopefully it's true and they didn't play a game with the adjusted component that has them loose credibility on this turnaround they did.

[MKS420]

" $ACB $.20 coming "

Yes I agree this company is on a downward slope in the short and medium term.

[BottomBounce]

$ACB $.20 coming

[Lolo12]

R S coming to ACB

[player1234]

I don't see how that could be?

Aren't they going to be "run-rate", "adjusted", EBITDA positive? Isn't that great news? Isn't that wonderful? Won't the share price explode due to phony, made-up numbers?

(note sarcasm)

[Moonboy1]

Looks like another reverse split will be needed here to keep it from being delisted

[smoking guns]

Still, the actual debt is weighing it down, which may require a R/S in the future to pay down the debt .

[MKS420]

waiting and seeing ... Everyone wins in this case, even the federal government.

[MKS420]

Not good at all !

[MKS420]

Yes, the debt is too high compared to the turnover.

[BottomBounce]

$ACB has $325.57 Million DEBT

[smoking guns]

I agree, but either way I'm sure POT will be moved forward by both parties.

[nickwill69]

i was pissed the way he bashed people that enjoy weed. how did he get elected again

[smoking guns]

I believe "OLE mitch" will be replaced, very little if any opposition against pot in the Republican party.

[nickwill69]

head republicans mitch McConnel called pot smokers dope's and are trashy people that live in trailers and always vote blue so he's against legalizing marijuana

[weedisgreen]

awesome!

[nickwill69]

Aurora's Greybeard Brand Wins KIND Magazine's 'Best Diamonds of the Year' Award
11:36 am ET December 9, 2022 (PR Newswire) Print
NASDAQ|TSX: ACB

Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, is excited to announce its Greybeard Cannabis Co. brand has won KIND Magazine's 'Best Diamonds of the Year' award, as voted by hundreds of budtenders, store managers and independent cannabis retail owners across Canada.

[nickwill69]

i got some cheap shares yesterday. i still think this should hit 2 dollar

[Macroon]

Advancing marijuana reform

https://www.marijuanamoment.net/marijuana-banking-sponsor-lays-out-plan-to-advance-reform-after-exclusion-from-defense-bill-sharply-rebuking-senate-blockade/

[Ultimate Weapon]

the phrase ''uncertain would be generous'' .
chucks lazy bullshit effort to attach it to the defense budget is a joke , and the turtle aint having it. weed is dead for another 2 years until 24' election it will be time to milk for votes again .

[BottomBounce]

The fate of marijuana banking reform is uncertain as disagreements over the related defense bill causes delays in its consideration. $ACB

[Macroon]

Good update

https://www.kiplinger.com/investing/stocks/this-week-in-cannabis-investing-weed-legalization-in-germany-could-trigger-changes-across-europe

[Macroon]

Yup, big time!