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Aurora Cannabis has $439.14M in cash. $ACB
News out as well. Between this and Biden, good things imo.
"Aurora Cannabis Repurchases ~US$23 Million Principal Amount of Convertible Notes; Balance Sheet Among Strongest in Industry"
Pretty bold move. The start of something.
Then why have revenue and margins been going down each quarter for years for 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
earnings sucked but this is still the best company in the entire sector ? really ? the few on this board are shameless ....and oh yeah democrats are gonna get it done .
So I don't recall any statement about profitability in early 2023. Did anyone else hear this in the last earnings call? Ebita yes...
https://mjbizdaily.com/aurora-cannabis-increasingly-looks-to-europe-eyes-first-profit-in-early-2023/
I did see one of the analysts moved acb from a sell to a hold as they felt the shareprice was now properly reflecting the real value. I still feel we are undervalued, but this is me assuming europe and the usa will be legal over the next 365 to 600 days, and acb maintains its market share plus some
Insiders need to be adding to their positions. Instead of bonuses, naybe restricted shares they cann sell for a few years.
Will be nice when this happens. I believe I read it's now expected early next year, but anymore things seem to always be twice as long.
According to you, ACB's book value dropped by 46% in 3 weeks. That's great news, right?
Imagine what another 3 weeks will do.
ACB, the song remains the same.
Aurora Cannabis $ACB Book value is $2.66
Treasury Asks White House To Approve Plan On Collecting Marijuana Business Banking Data https://www.marijuanamoment.net/treasury-asks-white-house-to-approve-plan-on-collecting-marijuana-business-banking-data/ $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
$ACB is WAY OVERSOLD and UNDERVALUED
Aurora Cannabis Inc Raised to Sector Perform From Underperform by ATB Capital $ACB
Germany's adult-use cannabis market is an estimated $12.6 billion. Cantor Fitzgerald said Tilray $TLRY and Aurora Cannabis $ACB rank as the best-positioned companies to benefit from the potential market among the pot stocks he covers. https://www.investors.com/research/is-tlry-stock-a-buy-as-germany-gets-closer-to-legalization/
German Lawmakers Tour California Marijuana Businesses To Inform National Legalization Plans https://www.marijuanamoment.net/german-lawmakers-tour-california-marijuana-businesses-to-inform-national-legalization-plans/ $ACB
Aurora Cannabis $ACB Q4 Sales C$50.22M
Piper Sandler Maintains Neutral on Aurora Cannabis, Price Target to $3 $ACB
$ACB Aurora Cannabis Top Institutional Holders
Holder Shares Date Reported % Out Value
ETF Managers Group, LLC 10,526,850 Jun 29, 2022 3.50% 13,053,294
Vanguard Group, Inc. (The) 7,118,236 Jun 29, 2022 2.37% 8,826,612
Millennium Management Llc 3,274,509 Jun 29, 2022 1.09% 4,060,391
Renaissance Technologies, LLC 3,220,384 Jun 29, 2022 1.07% 3,993,276
Shaw D.E. & Co., Inc. 2,664,650 Jun 29, 2022 0.89% 3,304,166
Two Sigma Investments, LP 2,515,071 Jun 29, 2022 0.84% 3,118,688
Morgan Stanley 2,385,461 Jun 29, 2022 0.79% 2,957,971
Mirae Asset Global Investments Co., Ltd. 1,798,034 Jun 29, 2022 0.60% 2,229,562
Bank of Montreal/Can/ 1,124,549 Jun 29, 2022 0.37% 1,394,440
Dimensional Fund Advisors LP 1,021,516 Jun 29, 2022 0.34% 1,266,679
Hudson Bay Capital Management Lp 1,000,000 Jun 29, 2022 0.33% 1,240,000
Two Sigma Advisers, LP 895,300 Mar 30, 2022 0.30% 1,110,172
Susquehanna International Group, LLP 821,106 Mar 30, 2022 0.27% 1,018,171
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% 13,053,294
Global X Fds-The Global X Cannabis ETF 2,921,758 Aug 30, 2022 0.97% 3,622,979
Vanguard International Stock Index-Total Intl Stock Indx 2,682,478 Apr 29, 2022 0.89% 3,326,272
Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund 1,563,747 Jun 29, 2022 0.52% 1,939,046
Vanguard Intl Equity Index Fds-FTSE All World ex U.S.Small Cap Index 755,589 Apr 29, 2022 0.25% 936,930
DFA Investment Dimensions-Canadian Small Company Series 763,275 Apr 29, 2022 0.25% 946,461
Spinnaker ETF Tr-Cannabis ETF 408,045 May 30, 2022 0.14% 505,975
Schwab Strategic Tr-Schwab International Small Cap Equity ETF 351,932 May 30, 2022 0.12% 436,395
College Retirement Equities Fund-Stock Account 331,029 Jun 29, 2022 0.11% 410,475
iShares Core MSCI Total International Stock ETF 252,412 Aug 30, 2022 0.08% 312,990
DFA International Core Equity Portfolio 144,010 Apr 29, 2022 0.05% 178,572
Fidelity Total International Index Fund 155,864 Jun 29, 2022 0.05% 193,271
Fidelity NASDAQ Composite Index Fund 117,561 Jun 29, 2022 0.04% 145,775
DFA International Vector Equity Port 87,883 Apr 29, 2022 0.03% 108,974
Vanguard Growth and Income Fund 51,000 Jun 29, 2022 0.02% 63,240
DFA Investment Dimensions-DFA World Ex U.S. Targeted Value Port 48,561 Apr 29, 2022 0.02% 60,215
State Street Inst Inv Tr-State St All Cap Glb Equity ex-US Index Port 33,341 Jun 29, 2022 0.01% 41,342
Listed Funds Tr-Roundhill Cannabis ETF 25,678 Jun 29, 2022 0.01% 31,840
Blackstone Alternative Multi-Strategy Fund 12,000 Mar 30, 2022 0.00% 14,88
Back in the early ACB days we had frontmen Cam Battley and Terry (???) Anyone recall Terry's last name?
Aurora Cannabis dropped from Toronto stock index
September 20, 2022 -
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Edmonton, Alberta-based Aurora Cannabis has been deleted from the S&P/TSX Composite Index, according to the latest quarterly review announced by S&P Dow Jones Indices.
The S&P/TSX Composite is the primary gauge for Canada-based, Toronto Stock Exchange-listed companies.
Aurora’s stock was originally added to the index in 2018.
A news release by S&P Dow Jones Indices – a division of S&P Global – doesn’t specify exactly why Aurora and three other companies were dropped from the benchmark index stemming from the routine review.
The other companies were:
Aecon Group, a construction company.
Dream Office REIT, of the real estate industry.
New Gold, of the gold sector.
Oher companies took the deleted businesses’ spots on the index.
Aurora’s stock, which is still traded on the Toronto Stock Exchange and Nasdaq, has fallen approximately 75% over the past 12 months.
Yeah. I was expecting better.
"If managment did as they said, we should be ebita positive over the last 12 montb"
Not even close
===
"If we dont hit ebita positive over the padt 12 months, well, my jaw will drop and they better have good reason."
How many years of disappointment is this for you?
Oh wait, that's not 70,408,750 additional shares during Q4.
That's 70,408,750 additional UNITS during Q4.
Since each unit is a share and warrant, that's double, 140,817,500 additional shares of dilution!
They'll give themselves nice bonuses for that
Let's not forget the basics.
Revenue continued to decline year-year, even with the inclusion of 2 months of Thrive
Margins declined in every category, including medical
Massive dilution continues.
70,408,750 additional shares during Q4. When someone posts about the supposed cash position, keep in mind that is from selling shares, not product.
The main purpose of the company continues to be to sell shares, not product.
Massive writedowns continue along with massive losses
When someone posts about the supposed book value, well, keep in mind it is using inflated values that are being written off continuously.
REMINDER Earnings after hours today!
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
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