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The mark up is to high. When this becomes a free market acb will go bankrupt. I sold October 2018 a few days before legalization. I posted the continued build out of the big green house was stupid. Then acb announced haulting the construction about a month later. I've been spot on about this company. Good luck to you $100.00 a share is coming! The environment might allow some good entries for a flip but this as of now looks like it will never be a long term hold. You can say how wrong I I'm all you want but the share price history tells the truth.
U.S. ups travel restrictions as Trump says more cases 'likely' not the time to be in airlines. But the time to be in is coming just not right now. 3 cases in us of unknown origin.
Time to short
No only the best ran companies will succeed. With the most goodwill on its books I'd say this one is prolly one of the better ran companies. Lmao how could the most good will and best ran company be the same. It can't good luck.
If Nabisco charged $100 a pack we would make our own. Pot is selling a such a high multiple. There is so much room in the prices.
The reason we buy beer and wine is because they both take knowledge to make and because the process to make takes timeand the up front cost for equipment. To me the time investment isn't worth the end product. As for produce there reason we don't grow that is because I can buy all those items with a 10 dollar bill. It only cost $10 bucks because you only have to put a seed in the ground then comeback and pick your rewards in a few months. Weed is produce that is why this company will fail.
Aurora has a product that anyone can produce. This is the major difference between any comparison of Aurora to Amazon ,Apple or Google. You can literally grow buds with zero dollars. All you need is a seed or clone from a friend. Then plant it in the ground come back in the fall and pick your buds. This is why acb will die along with most pot companies.
Socialism is for bums that are not smart enough or motivated enough to make money for themselves. Mostly for the people who make excuses for why they don't have money or won't be rich. When in all reality in America anyone can become a millionaire and the ones that don't prolly don't accept 100% accountability for the outcomes in their life. Why would I want to work to support the ghetto and trailer park while they do drugs all day. Makes no sense to me.
I'm looking for a struggling publicly traded airline that does majority of its flights in Europe and Aisa. This cv19 could be the nail. I'm not concerned if the virus is that dangerous. I personally feel in my mid thirties I have nothing to worry about. I only care about people's over reactions to fear and the unknown. I see the risks as a minimum no major catalyst to shoot a air line price to the sky. Only a potential that the virus could spread and out of fear people will not fly on planes. With the risk being a minimum I think the reward could be a home run. Mine as well play. Any ideas on what companies to look into?
Airline would have to be the dumbest buy ever at this moment. Potential pandemic that will limit flights world wide. I just started to research airlines that I will be shorting. Look for the French company that is making a testing kit for CV19 If you want to buy stocks in this market.
In a few years flat or lower as the whole sector gets dragged down by underfunded companies bankruptcies. That might not apply here but will for most companies in the sector.
I give this company the best chance to succeed.
Market cap of all pot companies - ( sales × huge multiple) = billions more to lose.
Then add in falling gram prices
Chase it with tax free homegrown.
Followed by a huge oversupply.
100% percent accountability. I run a company and know this to be true in business and personal life. It is a very big key to success.
I don't know if acb is a buy now but back when you muted paul it was a sell. Maybe some of these longs should admit they where wrong. I know I will not even consider buying this at this moment. I find it funny how so many trash those of us that sold a year plus ago. We tried to tell everyone. Here is a piece of advise don't buy anymore Canadian companies until they prove their business plan. The best move in pot will be the run once the us announces then do what I did with the Canadian run sell the week the law goes into effect. All dispensaries are a outrages waste of capital. There is no reason for a weed store to look like a apple store all those dispensaries will cost to much to operate and will close down once full is legalization happens.
He said acb was a sell you said no. Fast forward a year acb was clearly a sell and some are still to ignorant to admit they should have sold too. This is not a buy not yet anyways. A couple earnings reports from now will determine if this is still a sell or will become a buy. I see this company getting pieced out after share holders loose everything.
Sector will continue down in a big way after earnings
The US CBD market is saturated. Believe what u want CBD will not save ACB
Nice
He clearly didn't where the CEO hat well.
I don't hold any shares now so I will stay on the sidelines. If I currently owned shares I would most likely just hold them. I'm looking forward to earnings release for the industry to best determine my plans for the year. I got money on the sidelines that need a plan. Good luck to all.
This will tank after earnings. I bet we see a fall in the price of pot sold. I also bet we see a fall in the cost of pot to produce. The question is. Will the cost to produce pot fall faster then the price of pot sold? Statistics Canada paints the picture no big gains here. They fired a excutive, selling greenhouses and haulting construction on greenhouses. This paints the picture for anyone willing to see the picture. What do you think would happen to the price if this is the report accounting writes off goodwill? I see no reason to buy this for this earnings report. It looks like this company could fail without the right changes in laws for the US or Canada.
How does selling and stopping construction on their greenhouses good news? Acb bought the one greenhouse at the peak of the market and is now selling after market lost 50% of its value. Moves like that are a winning strategy. Let's grossly over pay for assets. How much goodwill does ACB have?
The only chance trtc had was working in the gray area once the government takes there foot off the brakes trtc shareholders will be left with the rest of trtc bags. Trtc has strongly regulated limited competition and still can't make it. They stand zero chance when the market is wide open.
This is the only pot stock I own and I think the time to sell is coming this is not a 20 year hold. I don't even think it can become a 20 year hold. I think furture of pot puts every dispensary out of business. The high cost of a apple store works for apple because apple is the only company selling apple products. All the high cost dispensaries will become a thing of the past. No one can plant a seed and grow a I Phone. I think speculation when the US announcement of a medical or recreational law change is where all the money is for stocks performing well before full legalization. I fell full legalization will change the industry so much that all companies in the industry will have to adopt new business plans to survive and most everything being built will be close to worthless. I will be selling this the week before the US legalizes weed one medical or recreational level. The same way I sold cgc and acb 1.5 years ago. If the is goes medical first I will wait for the market correction to happen and jump back in for the recreational speculation run up. Then sell the week we go recreational legal. The real move after that will be to short all the overvalued stocks. I fell all this will happen on less then 20 years.
All the thc needs of the United States can be grown on a couple dozen farms in Iowa. Source Netflix show called Rotten. Pot was one of the episodes.
I got about 6 bucks worth of wiggle room. I sold the week of legalization
I see zero as a possibility. What if they sell most of the assets to cover the expenses then shut down. I saw that a green house or two are for sale now. What is a green house worth when there are to many greenhouses built for growing weed in Canada. The proof that there are to many greenhouses is that ACB is selling and stopped construction on some of their green houses.
Let me try to wrap my head around this statement. So when you read a article about a company potentially going bankrupt you then decided it's time to buy.
Source for Iowa is on the show Rotten on Netflix if you would like to watch.
Acb goes bankrupt.
What happens when they do?
A couple dozen Iowa farms could grow enough THC to supply the entire US. Full legalization would change everything. Thus is a pump time to dump.
Michigan. How long after a battery gets decommissioned does it take to be safe in the environment?
If e-cars are running on electricity produced by burning dirty fossil fuels, climate benefits are limited. Because of the complex batteries they use, it currently takes more energy to produce an electric car than a conventional one. And, disposing of those batteries creates an environmental hazard.Aug 4, 2017
Bigger then ford and gm too funny I seen maybe 5 teslas last year on the road.
Planet 13 Announces Strong Finish to 2019 – Approximately 695,000 Customers Served in 2019 at an Average Ticket above $90
Approximately 695,000 customers served in 2019 at an average ticket above $90 for preliminary unaudited revenue of ~$63 million
How did trtc do so bad in vegas?
He doesn't care for my opnions
Marijuana Firm Aurora Cannabis Is Selling a Greenhouse. Yes, It's Gotten That Bad. -- Barrons.com
BY CONNOR SMITH | DOW JONES & COMPANY, INC. - 01/06/2020
MKM Partners noted that an Aurora Cannabis (ACB) greenhouse popped up in an online sale listing for C$17 million, and the research firm believes more divestitures are coming for the cash-strapped cannabis firm.
Aurora stock is down again Monday morning.
The company didn't immediately respond to a request for comment on the greenhouse listing. The real-estate broker didn't respond to a request for comment.
The back story. Aurora stock has struggled in recent months as a longer-than-expected road to positive cash flow and souring sentiment industrywide have sent shares down 63% in the trailing 52-week period.
Though many hoped a move to bring on activist investor Nelson Peltz as a strategic advisor in March could help Aurora find a marquee consumer-packaged-goods investor -- just as Canopy Growth (CGC) has a big backer in Constellation Brands (STZ) -- not much has materialized on that front.
Cantor Fitzgerald analyst Pablo Zuanic suggested last week that Peltz should push for the same financial discipline at Aurora that he did with firms like Kraft Heinz (KHC), PepsiCo (PEP), and Mondelez International (MDLZ).
What's new. Bill Kirk, executive director at MKM Partners, noted in a Monday report that an online listing for Aurora's Exeter, Ontario, greenhouse could signal more divestitures are on the way.
The facility came when Aurora acquired MedReleaf in an all-stock deal valued at C$3.2 billion back in 2018. It represented 75% of MedReleaf's former capacity, noted Kirk.
Kirk expects write-downs to come, given the MedReleaf deal added C$2.4 billion to the company's balance sheet as goodwill & intangibles. And the C$17 million price tag, he added, would represent only two weeks of cash burn.
"With profitability timing uncertain, Aurora's obligations will continue to be difficult to meet," he wrote. "We are also discouraged with the visibility of Aurora's strategy -- investors were unaware Aurora was trying to sell Exeter."
Aurora stock was down 1.8% to $1.96 shortly after the market opened on Monday.
Looking Ahead. Kirk has a Sell rating on the stock with a C$2.00 price target. He believes profitability for Canadian growers will get worse before things improve, given that pricing is decreasing as supply availability grows.
"Most new, legal markets have shown decreasing profitability for cultivation, yet consensus expects Canadian LPs like Aurora to defy precedents," he wrote.
He added that the price gap between legal growers and illegal dealers is widening, meaning the growth and addressable market opportunities could be smaller than more-bullish analysts are expecting.
Write to Connor Smith at connor.smith@barrons.com
(END) Dow Jones Newswires
01-06-20 1049ET
Copyright (c) 2020 Dow Jones & Company, Inc.
2.1 billion market cap is still high
It depends I'm assuming clones will be cut and rooted before harvest in a separate room. They could also have the plants vegged before harvest. They could just have to pick the harvest clean the room then bring new plants in ready to go into harvest. So for a 8 week flowering strain could take about 9 weeks per cycle assuming plants are vegged in different room 8 weeks for growth 1 week to clean and bring new plants in. So they could have 5 to 6 harvest per room depending on growing process and plants flowering time.
There are fields and barns full of hemp in our area. The barns I'm almost certain all of any quality will be processed. The fields are junk at this point. This was our first year as a state farming hemp.