Aurora Cannabis Inc (ACB)

[leopard messiah]

Only hope is some surprise from ER. But I also hope to live to 130.

[weedisgreen]

Nice to see green...will it last? Hope so.

[Bonno]

Aurora,s bunk weed will be given away to Europe.

https://mjbizdaily.com/aurora-sends-first-shipment-of-free-cannabis-to-france/?utm_medium=email&utm_source=newsletter&utm_campaign=MJD_20210825_NEWS_Daily&elqTrackId=BB025E996244A599F16FA956398A3A37&elq=bfeb156f43aa47dfac7e22d27b21da90&elqaid=5145&elqat=1&elqCampaignId=3736

[Hunchbackgeek]

ACB Looks Green to me:)

[mr green239]

Canadian cannabis grower completes 2021 planting season

The 2021 harvest is coming to an end. more outdoor/indoor space licensed than ever before..

Over 1,000 acres licensed for outdoor growing in Canada..

https://www.canada.ca/en/health-canada/services/drugs-medication/cannabis/research-data/market/licensed-area.html

if 1,000kg yield per acre..

that's a billion grams of cannabis...

equal to a hundred billion milligrams of pure THC (10% extraction rate).
which could be well over 3 billion cannabis infused drinks (30mg/drink)..

just from outdoor acreage alone.. potentially enough supply for every single person in Canada to have 75 drinks per year...

Oversupply occurrent, THC way overvalued.

Canadian cannabis grower completes 2021 planting season

dailyhive.com/vancouver/dfgdytdb

The BC-based cannabis grower recently announced the completion of the 2021 planting season with a total of 70,000 plants. This brings Speakeasy one step closer to its goal of increasing last year’s historical harvest by 100 percent to 140,000 KG.

“June 2020 was the coolest, wettest season on record while June 2021 was the hottest and driest. The extremely high temperatures had a dramatic effect on many agricultural crops in Western Canada this year, but thankfully cannabis is a heat-loving plant. Given enough water, they thrive in very warm weather.

2020 harvest totalled 72,000 kg with a crop achieving flower potency of 15-18 percent THC and with a cost of about 4 cents a gram.

2021 planting season maximized by following a number of key steps. The cannabis grower used more mature clones that are further in the growing process and also increased the plant density per square foot.

“Our goal from day one was focusing on what the consumer wants,” said Green. “We didn’t follow the formula of being the biggest producer in terms of square footage or output. Many companies suffered after legalization because they got too big too fast and they didn’t focus on consumer demand.

“Now, SpeakEasy has one of, if not, the lowest cost of cultivation of $0.04 per gram from our outdoor field. This allows us to enter the market and competitively price a majority of our products while maintaining significant margins.”

“Our amended sales licence for cannabis extracts is on the way. This licence will allow us to participate in the rapidly-growing extracts market”

“After this harvest, we will be focusing on expanding our craft cannabis space to keep up with the current demand for premium flower.”

$0.04 per gram production cost? is cannabis way overvalued? The price of an illegal product.

[weedisgreen]

Missed this bit of news...
https://mjbizdaily.com/aurora-cannabis-outdoor-farm-in-bc-evacuated-due-to-wildfire/

[weedisgreen]

Yeah, I was nervous when I saw how many facilities acb closed up and reduced output. Still am btw, but all the data we see seems to make it more and more a better path than not doing such.

[mr green239]

Yet, retail stores are packed with product. No retail supply shortage here. Isn't supply only going to improve/increase in the future?

THC overvalued.

ACB worthless

[JohnCM]

Att MODS

This ticker can be modyfied.

NASDAQ:ACB

[cardvic]

https://mjbizdaily.com/canadian-cannabis-producers-have-sold-less-than-20-percent-of-output-since-2018/

[Knowyourbiz]

Interesting

[Reverand]

Summer will be over soon and the buying uptrend will begin. This happens every summer, sell off.

[mr green239]

Just 10,000 global producers producing 10,000kg per year each is 100 billion grams of total cannabis.

Canada has 500 licensed producers while the state of California alone already has almost 5,000!

10,000kg? could be grown in a medium sized greenhouse or on just 10 acres outdoors.

Colombia, Thailand, Lesotho, South Africa, Caribbean, all entering industry with force...

Competition high.

ACB [$1.5B] overvalued

[mr green239]

Colombia Lifts Legal Barriers, Marks Significant Step Forward in Cannabis Growth

2021/08/12: In a move that many expect to make a significant impact on the cannabis sector, the Colombian government has approved exports of dried cannabis

https://www.prnewswire.com/news-releases/colombia-lifts-legal-barriers-marks-significant-step-forward-in-cannabis-growth-301354287.html

Cost of cannabis production 10x plus lower in countries such as Colombia..

Price of cannabis is overvalued, price of an illegal product. ACB revenue only to decrease into the future... Oversupply occurrent

ACB overvalued

[weedisgreen]

The Senate approved an infrastructure bill that contains provisions directing federal agencies to create a process to let researchers study marijuana that consumers actually buy from dispensaries, instead of just using government-grown cannabis. The House has already passed similar legislation.

[weedisgreen]

Reading up on the trading halt of ausa...
"Total Capex committed by ALPS’ clients since Aurora divested its interest just 12 short months ago during the Covid crisis, stands at approximately $1 billion, with a rapidly growing business development pipeline approaching $4 billion in total Capex to be spent by potential clients over the next 24 months."

[leopard messiah]

Right, thanks. Forgot about the different fiscal year.

[weedisgreen]

I believe early to mid September was the historical time-frame

[bontooth]

Aurora !
https://www.kamnaizlet.si/wp-content/uploads/2016/03/download-7-1.jpg

[leopard messiah]

Well, I did say almost zero chance :) But no, I have no logical reason. Just a lot of experience watching this company fail on a grand scale.

I would honestly swear to jeebus bet $50K on them falling short of EBITDA. But hey, I also honestly hope they make it.

When’s the release date?

[weedisgreen]

I do understand the frustration. Is tbis just "venting", or do you have some logical way to conclude a 0 chance? Looking at high Tide and other things I am curious what others think the big picture to be. If the 8m sale was not figured in when they spoke to us last, we are getting pretty close....??? Not talking about profits, just ebita positive.

I don't know if covid is still messing with things in Canada. If it is, I guess it could be still an uphill battle.

[leopard messiah]

Almost zero chance. I wish this POS would pop to 15-20 again so I can get out. Can’t believe I didn’t jump on last one.

[weedisgreen]

If you review the turnaround trend getting costs under control, along with this 8m sale and details of their last quarter, I'm thinking we might actually have an ebita positive for once... which would be un expected however with what they said last...unless they figured in that 8m sale.... thoughts?

[cardvic]

In the tradition of most Canadian LP's, lets add more dead weight while losing millions.

[wEaReLeGiOn]

Did it effect market capitalization?

I would agree that the RS never should have taken place, if that's your point?

Look at MVIS, down to $.17, announced an RS, then lo and behold it hit over $20 after cancelling the RS, after pumping air, with no bottom line changes, go figure..

[Realtalknofaketalk]

Currently the real share price is .63 cents lol what a joke

[weedisgreen]

Wondering if she still has ties to NORGINE pharmaceutical... nice connections on the quick search about her.

[weedisgreen]

Aurora Cannabis Announces Appointment of New Independent Director
Mon, July 26, 2021, 6:58 AM·5 min read
Distinguished senior healthcare executive, Theresa Firestone, to fill newly added position

NASDAQ | TSX: ACB

EDMONTON, AB, July 26, 2021

[radly]

Aurora Cannabis Delivers $8 Million Shipment of Cannabis to Israel

Nobody gives a F!!K

[Reverand]

I see and remember. Got out of Aurora a long time ago. I agree.

[bontooth]

not sure. and don't care.

[bontooth]

i am gonna keep my eye on them who knows might by a buy https://stockhouse.com/companies/news/c.ausa/australis-capital-inc

[mr green239]

What's next?

[bontooth]

naw . . you don't remember the days of ACB (aurora)
i thought we posted pretty extensively in that forum of 2019-2020
yeah forget bio-techs.

[Reverand]

Don't own any Biotech stocks. You must be talking to someone else.

[weedisgreen]

Nice! Another checkbox they are still buying from us.

[Hunchbackgeek]

ACB Aurora Cannabis Inc.

[p0]

Aurora Cannabis Delivers $8 Million Shipment of Cannabis to Israel
https://finance.yahoo.com/news/aurora-cannabis-delivers-8-million-105800855.html

[bontooth]

no more BioTech stocks for me ever. do Not Invest in bio-tech company's. Too many things will change quit or go wrong haa. really.
If you have bio-tech stocks . . that makes you more 'crazy then me.

[bontooth]

what technical traders would call a pennant pattern and could break out within the coming weeks. https://www.msn.com/en-us/news/other/what-s-next-as-aurora-cannabis-is-nearing-the-breakout-point-of-a-pennant-pattern/ar-AAMa6to?ocid=msedgdhp&pc=U531
Bulls would like to see the stock continue to trade within the pennant pattern until it is able to break above pattern resistance. Breaking above pattern resistance could mean
Pivot Point 1st Resistance: 8.12
Pivot Point 2nd Resistance: 8.72
Pivot Point 3rd : $ 9.04

long way to go ,
'die-hards
Try the USA mso's TRu & Cura

[JJ8]

And here's a bad T/A news:

The P&F Pattern had a Double Bottom Breakdown today, 14-July-2021 after just yesterdays positive showing of a reversal in the making.

Well, I don't have many shares. I'm planning to watch until T/A shows a change in the current downtrend to buy at lower prices.

C'est la vie!

GLTA

[john1311]

The first draft of a long-anticipated Senate bill to federally legalize marijuana has been released—and its sponsors are asking for public input to further improve the legislation before it is formally introduced.

Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) are unveiling the draft at a press conference on Wednesday. It’s an extensive bill, titled the Cannabis Administration and Opportunity Act, that weighs in at 163 pages.

The main features of the legislation largely align with what advocates and stakeholders expected. It would federally deschedule cannabis, expunge prior convictions, allow people to petition for resentencing, maintain the authority of states to set their own marijuana policies and remove collateral consequences like immigration-related penalties for people who’ve been criminalized over the plant.

https://www.marijuanamoment.net/here-are-the-full-details-of-the-new-federal-marijuana-legalization-bill-from-chuck-schumer-and-senate-colleagues/

[Reverand]

Another Seattle person in Aurora, very cool.

[JJ8]

P&F Pattern Low Pole Reversal today 13-July-2021 GLTA

https://stockcharts.com/freecharts/gallery.html?ACB

[awm0912]

Geesh it seems so long since this company got good news. I’ll take it…

[lojack]

Here is some positive news for Aurora Cannabis

https://www.google.com/amp/s/m.jpost.com/israel-news/politics-and-diplomacy/ministers-advance-legalizing-cannabis-673487/amp

Aurora conveniently signed a 2 year agreement with Cantek in Israel at the end of 2020 which if full scale legalization happens I would presume Aurora would also consider adding an Aurora Israel.

https://www.tipranks.com/news/aurora-cannabis-inks-supply-deal-with-israels-cantek/
-ACB

[JJ8]

Entered Day Limit order to buy @7.95

[lojack]

Nice post! Miguel said they were really liking Germany, seems as though medical keeps on growing bigger and bigger. Aurora definitely seems to be the biggest MJ player globally. Just need some news about why in the world they would be patenting San Rafael ‘71 for the U.S. Would be great to get news of some kind of acquisition or merger before the long 4th of July weekend!
-ACB

[weedisgreen]

BusinessCann
Press ReleasesCannovum AG Enters Supply Agreement For Medical Cannabis with...
PRESS RELEASES
Cannovum AG Enters Supply Agreement For Medical Cannabis with Aurora Europe

By
BUSINESSCANN
-

JUNE 25, 2021

428
0
CANNOVUM AG (stock exchanges Düsseldorf, Munich, Hamburg, Berlin) has entered into a long term supply agreement with Aurora through its licensed subsidiary, Cannovum Health eG.

Starting today (June 24) Cannovum will distribute the full range of medical cannabis products offered by Aurora to pharmacies throughout Germany.

The canadian company Aurora is one of the largest authorised manufacturers of medical cannabis in the European Union. After the German legalization of medical cannabis in 2017 Aurora joined the German market with their acquisition of the German company Pedanios, thus making Aurora / Pedanios products one of the first cannabis medicines available in Germany.

This allowed doctors and pharmacists to gain experience in treating their patients with these products.
Expanding the medical cannabis portfolio with the full range of Aurora products is therefore an important step for Cannovum towards ensuring best possible patient care.

“We want to support doctors and pharmacists in finding the appropriate treatment for their patients. In order for us to achieve that, we need to provide a full portfolio of medical cannabis which gives them the opportunity to fully customize the therapy. By partnering with Aurora we are confident that we continue to provide high quality medication to ensure every patient receives the best therapy”, says Pia Marten, CEO of Cannovum AG.

Cannovum’s own team of pharmaceutical representatives has received intensive training in the new products, in order to confidently advise pharmacists and doctors.

About Cannovum
Cannovum AG is the first German listed medical cannabis company. Through its subsidiary Cannovum Health eG, Cannovum is a fully licensed pharmaceutical wholesaler, importer and manufacturer of high-quality medical cannabis products based in Berlin. The company focuses on the import of high-quality cannabinoid products, medical-scientific education and all-encompassing distribution for simplified and facilitated access to cannabis-based therapies.

[JohnCM]

Not sure what the interest is with Aurora. Personally, I think it is simply the name of the company. There can be no other logical reason. Really one of the worst names in the Cannabis space. Not just my opinion, simply pull a chart up.