Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes. About 46 million shares at current PPS. But might these already be reflected in the current share count of 964?
Not a small number of shares, but our O/S is already so big that it’s not a huge increase.
Would be nice to get an updated share count from company.
New York could go very soon too. New legislature is under full Democratic control.
Regarding proposal on recreational:
https://www.nj.com/marijuana/2018/11/read_the_details_of_the_how_nj_is_likely_to_legali.html
Regarding hemp. This actually passed.
https://articles.nj.com/marijuana/2018/11/murphy_gives_marijuanas_sober_cousin_--_hemp_--_th.amp
It’s only proposed legislation, but looking good (and soon).
Will post link in a moment.
I think that’s the point :) Just enjoy!
The whole market’s in correction, has been for awhile. More sellers than buyers everywhere. Be patient.
Gracias
Can you provide a source or link to this info?
Hope so, cause I already spent all the future expected profits on Haitian real estate. It’s all gotta bounce back eventually!
Thank you. For Dawkins’ sake
Another positive article from SA:
Aurora Cannabis: Savvy Deal Making And Good Timing $ACB https://seekingalpha.com/article/4222599
Run baby!!!
Moved north pretty well today on smaller volume. Good sign.
The anti-gravity slide up!
I had a feeling buyers were going to come back after the messy sector earnings news of the last few days.
Good job. Well underwater myself, but holding tight as well.
Without any sophistication to back it up, $6 seems to be a psychological level here; approximately $9.5 with AP$A.
AP$A moves very nicely with even small buying pressure. Would be nice if we cleaned up our O/S just a little. Management declaring a buyback of even several million $s worth of shares would do wonders for SH confidence (and the PPS).
Geez man. Take it easy.
When earnings dust settles, people should see how we’re clearly the leader.
Yes, please!
A large investor taking shares off the table would be the ideal.
I can’t see a buyback happening soon because of the lack of cash, but even an announced future plan would do a hell of a lot to boost confidence.
A couple very positive articles on SA recently.
There was another saying how ACB beat CGC to the punch with their strategic acquisitions and therefore may have cemented themselves as a top producer.
I own 80,000 shares dude. I’m no short.
Anytime someone says something negative or that you don’t like, you call them a short.
Why is a R/S always a bad idea? This isn’t some penny stock with no revenue or assets trying to make the PPS look respectable.
I’m not arguing that it’s definitely a good idea. But it’s a realistic way of dealing with the O/S right now. Buy back is just not feasible.
13.32 PPS with 500M shares or 19.98 PPS with 333M doesn’t seem that unreasonable for a company of our stature.
I think doing a reverse split before jumping to NYSE might have actually been responsible in this case. The number of shares is a bit ridiculous and makes shorting too easy. The high O/S also makes it hard for buying to push the price, needs a ton of volume.
A buyback is not feasible at tho point. They would need $300M to buy back 5% of the O/S.
I could be wrong, but I think a R/S would provide some stability to the PPS. I think I’d be in favor of one now.
Anyone have experience with successful R/S?
PPS may not be the main priority of the BOD, but there’s no doubt they keep a close eye on it, and they should be thinking about ways to combat the shorts and avoid this kind of tanking to protect SH value and morale.
Don’t forget market is down A LOT today. Dow down 1.8, S&P 1.4
This downtrend/volatility has no doubt been affecting us over the last few weeks.
PPS action explains the calm classical playing whilst waiting for conference call to begin
I’m sure they will discuss to-date and projected rec sales, even if not in the report. How can they not.
Check out the post I’m responding to, post 33015. ACB is heavily shorted.
Mr Green239, thanks for the data.
Thank you for protecting our freedoms.
To all the Veterans: thank you. Extremely grateful for your service. I hope everyone has a great day.
You referring to APHA?
Entire market down big today, too.
US markets open on Monday.
Sadly, you’re correct.
Full legalization passes in Michigan, fails in North Dakota.
Not yet, but they’re on their way. Wouldn’t be surprised to see them come close and lose.
Bsdvs, appreciate all your analysis and commentary. Very informative and helpful, always objective.
Bingo. Highly doubt that Trump and Repubs would let Dems charge ahead and get credit for this.
Better chance if Repubs maintain control of both houses of Congress.