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This is what happens when you tout phony "Adjusted EBITDA" numbers. They hyped it for years.
Their main business is still selling shares, not product
Another 1 billion shares dilution at the current prices
https://ih.advfn.com/stock-market/NASDAQ/aurora-cannabis-ACB/stock-news/90541494/aurora-cannabis-announces-filing-of-preliminary-ba
I wonder how much they will be bonused on this
Nice of them to sneak it in over a weekend
Good news coming our way, being we have a physical presence.
https://www.marijuanamoment.net/germany-will-move-forward-with-marijuana-legalization-after-receiving-very-good-feedback-from-eu-top-official-says/
$ACB has $226.08M debt
This is just a question and indication of nothing such as rumor.... would it make sense for any usa company likde ayrwf to get in bed with acb once medical gets legalized at the fed level/usa? As all the usa ones are listed on the otc and they would be looking to uplist anyway once they could. Aurora does have a good medical footprint as well. I only mentioned ayrwf because I own them as well.
It's time for them to get bought out
Not too much longer until acb gets its non compliance letter from the nasdaq. With no bottom support I wonder if we will be around 25 cents soon. Reverse split probability within 180 days if things don't change
Yeah, definitely a shame. Sky better be showing the $ and they better show more results overall on this upcoming earnings. We did better, but not good enough. I'm hoping they are not running to make a new ATM machine as if I recall one was running out soon. We will see! Sadly I am bullish because all my stocks in this industry should fly if medical in the USA happens as well as Germany. Because cronos and cgc turned into big turds with larger investors, many in tbis sector are getting pulled down because of them.
More thoughts on "adjusted" EBITDA.
https://www.fool.com/investing/2023/03/09/heres-how-aurora-cannabis-finally-posted-an-adjust/
Seems to be following the pattern for most in this sector. I believe we are in the quarter they stated one of their aquasitions performs at its best (in sky). They have turned around, but as you stated, they need to now show real ebita. Pretty soon the real leaders are going to stand out. Everyone media wise watches cgc which was Lintons greatest accomplishment selling that turd. Because of their visibility and how awful they are doing, it doesn't help the rest.
Interesting move today bouncing off its all time low
All this makes me think it's finally starting. Some news dribbling both in the states and overseas. https://ca.internationalcbc.com/march-2023-is-set-to-be-a-historic-month-for-european-cannabis/
Germany legalization update:
https://internationalcbc.com/report-german-health-minister-confirms-timetable-for-cannabis-legalization/
60 years of gaslighting worked.
I feel the people in the US government have a brain disorder about cannabis. It's clearly scheduled wrong and they indirectly admit it when the keep stating its medical purposes. Yeah research, but others exist. https://hightimes.com/news/senate-panel-approves-cannabis-research-bill/
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
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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
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