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.
How is 2.19pm today old news.
Did you get that hunch. Not quite as computer savy as you are. Hope that helped.What do you think?
2:19 pm ET August 21, 2018 (Benzinga)
I was happy until I read this.Cannabis Companies Strike Supply Agreements In Ontario: What Does It Mean?
2:19 pm ET August 21, 2018 (Benzinga) Print
With an imminent cannabis legalization date of Oct. 17, Canada has passed laws and restrictions to prepare for the transfigured market this fall. On Monday, legislation was passed that will greatly alter the timeline and nature of cannabis suppliers in the province of Ontario.
What Happened
The Ontario Cannabis Store, the province’s sole legal provider of cannabis, announced a partnership with 26 licensed producers for its online retail platform. The "420 Investor" Alan Brochstein commented on this announcement during an appearance on Benzinga's PreMarket Prep trading show.
“Ontario is the largest province by far in Canada and there was a distribution system that was set up initially that was going to be very challenging," Brochstein said Tuesday morning. "A single entity, the government, was going to be selling all of the cannabis, which is never a very good idea. So there was a political change in the province and they decided to open it up to private retailers."
Why It’s Important
Now, not only will the OCS sell a variety of products online, it will also establish a wholesale distribution system to supply products in private stores.
“The downside to the plan is that it will delay physical stores until April 1. So from Oct. 17 to approximately April 1, the only place where people in Ontario will be able to buy cannabis is through the online store operated by the government,” Brochstein said.
What’s Next
In light of the new legislation, numerous cannabis companies announced supply agreements with Ontario Cannabis Stores.
Aurora Cannabis Inc. (OTC: ACBFF) and MedReleaf confirmed the agreement by announcing plans to supply a broad range of dried flower and higher-margin products
Hey thats ok I'll take it. I dont care if Aurora is riding the coatails of Canopy. I sold my canopy shares too soon to buy Aurora tons of it. Hope it was a good move. I also dont think its a good thing that Canopy had to bring on 4 New Board of Directors from the brewry company. Little by little they will take control and that is never a good thing.
Nascar stock price tanking! What part of that don't you get. None of that matters if the price keeps tanking and investors keep loosing their shirts. Got it! Good!
Only people here getting rich are the crooks at the top they have insider information. All you people pumping this stock please stop. Some people are putting their life savings in here only to get slaughtered and you still have others pumping this stock to benefit at other's expense.So sad! Trying to convince people 3 is good or 2 is good etc well no its not.Booth gotta resign. What a pathetic leader.
Down again today. Diluting more share today. Not good. For some reason they are having trouble getting on Nasdaq or NYSE.Buying up everything in sight to try and get a footprint in the industry,but at what cost? The leaders of this company need to put a report out explaining why the stock price keeps dropping and why all the dilution.They should not be vague about it. I cant believe the stock market goes up so high and this company goes down. Always down. So frusted.Terry Booth should not be rewarded for these kind of results. I also think the price of the stock after legalization has already been factored in. Thats what they are banking on. so no matter how high this stock goes they will have already used the money for buying up more companies.
Aurora will eventually make money for share holders. However It is taking way too many risks. Not using its cash and just using its stock by dilution.If things go exactly as planned it will make a lot of money however if it makes one mistake just one and something goes wrong or a new law or somesort of break down it will plumet like you never seen before. It will be the end of the company. Canopy on the other hand is using its cash to purchase other interests. Less risks.
Most companies that Aurora are associated with are down. Most companies Canopy Growth are associated with are up! Hello!!!!! a the top marijuana stocks (market cap above $100 million) in U.S. exchanges and how the performed over the last five trading days:
22nd Century Group Inc (NYSE: XXII): up 3 percent
Aphria Inc (OTC: APHQF): down 1.5 percent
Aurora Cannabis Inc (OTC: ACBFF): down 7.7 percent
CannTrust Holdings Inc (OTC: CNTTF): up 2.5 percent
Canopy Growth Corp (NYSE: CGC): up 7.6 percent
Cronos Group Inc. (NASDAQ: CRON): up 1.6 percent
Green Organic Dutchman Holdings Ltd (OTC: TGODF) down 3.3 percent
Green Thumb Industries Inc (OTC: GTBIF) down 8.3 percent
GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH): up 3.5 percent
Hiku Brands Company Ltd (OTC: DJACF): up 10.4 percent
iAnthus Capital Holdings Inc (OTC: ITHUF): down 5 percent
Medical Marijuana Inc (OTC: MJNA) down 7.3 percent
MedMen Enterprises Inc. (OTC: MMNFF) down 1.6 percent
Scotts Miracle-Gro Co (NYSE: SMG): down 4.3 percent
THC Biomed Intl Ltd (OTC: THCBF): down 3.3 percent
Tilray Inc (NASDAQ: TLRY) up 6 percent
Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE): up 16.3 percent
In Other Newsre up, Hello!!!!
Aurora has to get on Nasdaq or NYSE period. No one taking them seriously the stock keeps dropping daily. Ever hear of Bernie Madoff? Something very wrong here. They keep telling us how pleased they are with the direction and shape aurora is taking however stock keeps dropping. Answers to why is very vague. Who is watching Terry Booth and his cronies. And why are some folks on this site pumping this stock when its on a daily decline? I dont even trust the Toronto exchange its a joke in the US. Almost anyone can peddle anything on there. Just hire some people to pump it up.Aurora every now and then has to be in the green now thats not asking too musch. We have been quite patient and its running out if youre listing Mr. Booth.Turn this company around.Dont forget it was a mining company before this and they were a big losing joke. All my opinion.Just upset.
I told my CPA to look into Arora for me and he ended up buying a ton of shares for himself and said this would be his retirement. Go figure. Who Knows anymore. So I bought a few extra shares as well.
Just saw Cam Battly interview on the net. I thought it was weak and the answer he gave for the reason for the stock going down was vague. He sort of danced around it and the interviewer was not hard core with him. His questions were softballs. He let him off very easy about the declining stock price and Cam shifted gears fast. I dont know, you watch it and see what you think, Maybe Im wrong.The stock price has to go back above 5 at least. Its disheartening.
Stockwatch not comfortable with your answer.There must be something in it for them. i.e. Buku Bucks!It just doesnt make sense to me to help your competitor.It just doesnt. Unless Aurora found the yellow brick road to the USA market through that company its helping.
Anyone know why Arora is helping their compatition? Or is it?
Hiring Aurora for the Build Out
High Hampton recently hired Aurora Cannabis Inc.'s (TSX:ACB) (OTC:ACBFF) wholly-owned subsidiary, Aurora Larssen Projets Inc., or ALPS, to design the CoachellaGro cannabis cultivation facility. The industry-leading hybrid greenhouse engineering and design consultancy will advise the company on aspects of design, engineering, and construction of its facilities and ultimately work to ensure its long-term success.
Bontooth what an amazing video that was on aurora. I think everyone should watch it to the end. Simply amazing very informative and really gave me a piece of mind. Thank you for posting that video. Incredible!
Mind 1 I did mean cap sorry. However outstanding shares are useless, unless someone buys them. By someone buying them, it gives Aurora more capital. More Power to do bigger things and move foreward faster. Cash is King you know. On the positive side I read somewhere an analyst group initiated a BUY for Aurora. Thats good news.I've been waiting on that.
Boy oh boy 936.6 mill outstanding shares not a good sign. You better hope institutions start buying its the only way to reduce these shares. 4.9 b in cash is good though it gives it more working power.It remains to be seen, its gotts find a way to unload at least 3/4 of those shares.
Crab you only get taxed if you cash out. And its usually about a third of your profits. However you can write it off against the dogs that did not make a profit.
Dogger they sell because they have to. Or because the expiration date is near. They have to hold a stock for so long before the can sell. Maybe he needed the money for another investment of sorts or debt relief. etc. It means nothing very common.Now if a lot of insiders are selling at the same time then the FCC might need to step in and investigate.
Keep drinking that koolaid,seriously you got people touting this stock at 50 and 60. Really! The sad part is that some poor soul out there believes that.
Nope not about that bro. Would be nice to see an upswing once in a while. We've been in the red too long. Time for reversal overdue.
Emdyal! you said it right.Thats exactly why this stock is sinking.
Doesnt matter what everyone on this board is hyping, the stock price is down again today.Does anybody not understand that?
That interview with Terry Booth was on June 26 we are at July 26 and the stock is still tanking. So all those vague things Booth said is nothing more than rhetoric. The proof is in the pudding and theres no pudding here. Bottom line is STOCK PRICE PERIOD.Nothing else matters.
You and your Oct date keep dreaming . Dont you know its all factored in. Wake up.
Down again. Buying every company and merging everywhere. Just a lot of nonsensical rhetoric bull. The bottom line is the price of the stock Mr. Booth. I don't know if you are aware but it's on a severe downward trend. Just look at the market cap. From 5B to 3B huge drop. Everyday in the red. And you got your cronies hyping this misreble stock taking all these poor people's monies. Maybe its time to change CEO. You're only as good as your last upward trend. Bottom line matters period.
thanks DBrown good post. Good to know.
youre dreaming snug. Aurora was however mentioned on cnbc, Tilray will probably touch 17 again.
stock hardly moving yet again.
without getting on board on nasdaq or nyse the whales will never invest. So hurry aurora and apply.
Down again. Stop hyping this stock.Its down a lot more than its up.
This is a good thing. We now have a good footprint in the industry, Fourth quarter starting to look quite positive. Hopefully just a matter of time now.
Institutions have to start investing big for acbff to move.
In order for this stock to move institutions have to start investing big. They must own at least 25%. Booth has to start making it more attactive to them. We have everything canopy has why are they making money and we are lagging .
Acbff sort of on a downward turn. Terry Booth needs to focus a little more acutely and stop buying everythig in sight like a kid in a candystore. Stop diluting the stock. In the last 7months this stock has gone from 13 to 6.Not good. He has done a lot of positive things and I believe the stock will do well longrun. He needs to focus on getting it on NYSE or Nadsaq. He also needs to focus on introducing Aurora to American companies and markets.Mr. Booth in order for investors to hold on you MUST show positive results. Which means you must get on Major markets for mutal funds companies to take you seriously and start investing in the millions.There's no reason this stock should not soar.America matters so get a footprint here before other companies beat you to it.