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Called it. Dilution from this type of financing plus sector was way overheated. Thank you very much.
Well this was a waste of time
The securities regulators are complicit with the mob. That's what I got out of watching it.
Dan and Carol should have paid their 'taxes' to the mob, and they wouldn't have had any problems.
Do you honestly think I am going to post that here? LOL. Honestly. Where did you go to school? Edmonton? Calgary? You must be Terry's friend.
Enjoy your position as I short away. You'll see. Good luck
Ok. Ask an employee who was fired the day they went public. Or ask a person in the industry (me) who had a deal that was not honored by Terry. Take a real hard look at the convertible debt. You wanna go long? HGo for it. Best of luck.
Thank you all so much for buying my short position. Lets do it again,
Aurora is a sham. Ask anyone who works there in a non-managment role. Ask any ex employee. Worst grow show ever.
So looks like they have a new website.
http://transactenergycorp.com/zewop2016/
I have been in this stock since 2009? And this is what they have to show.
Of course they do. They got in early.
This is like dotcom 2.0 - and we all know how that ended. GLTA
Marijuana stocks trading halted on TSX after massive jumps of up to 44% trip circuit breaker
It's like dotcom all over again, and we know how that went down.
http://business.financialpost.com/investing/market-moves/marijuana-stocks-trading-halted-after-massive-jumps-trigger-circuit-breaker
Good riddance. She was useless.
Monday. Read the post on FB
Thank you
What does this company do? Ie: How do they make money? TIA
Wait for it.
As it has been accepted by the SEC, it is no longer insider. Good luck with your witch hunt. I guarantee that I have a sh%t load more invested here than you.
Alien. Go figure. It got filed.
Ouch. Aurora Cannabis: Overvalued + A Misleading Management Team = SHORT
Summary
Aurora Cannabis is currently trading at valuations approximately 200-550% greater than its peers, and current valuations are pricing in unrealistic future profitability levels and realized market share position.
The company's management team claims it is delivering unprecedented growth in the industry, but a deeper look suggests management is misleading its investors.
Fair value of the stock suggests ~60% downside from current levels. Risk/Reward profile greatly favors the downside.
Recommending to SELL Aurora Cannabis shares.
http://seekingalpha.com/article/4020774-aurora-cannabis-overvalued-misleading-management-team-short
Thinking we should see the 10K filed in the next 24 hours.
Motley Fool wasn't kind
Investors: It’s Time to Be Cautious About Canopy Growth Corp.
By Nelson Smith - November 2, 2016 | More on: CGC
Since graduating from the TSX Venture to the Toronto Stock Exchange, shares of Canopy Growth Corp. (TSX:CGC) have been on fire.
With the exception of a tough week in the latter part of October, it’s been entirely up and to the right for the stock. It has increased 127.2% in just over three months. The company now has a market value of $899 million.
Investors are bullish, and rightfully so. Justin Trudeau’s government looks poised to legalize marijuana, making Canada the first North American country to do so. Estimates are that legal pot could be a market comparable to alcohol, worth in the neighborhood of $10 billion. Tourists would flood into Canada from the United States as millions scramble to get their hands on all the legal weed they want.
It’s obvious why Canopy has become the default choice for many investors to play this boom. It’s the biggest operator. There are smart people with good credentials running the show. Heck, they even have Snoop Dogg as a partner. He’s an icon in marijuana culture.
Canopy is also in a business that’s easy to scale up. It rents warehouses and uses them to grow pot. This capital-light business model is a good one, especially for a growth company. Canopy is all about telling investors about its growth potential. It changed its name from Tweed Marijuana to Canopy Growth Corp. I don’t think the name choice was a coincidence.
In short, Canopy is doing a fantastic job of capitalizing on this new market. It’s the investors who are getting ahead of themselves.
Warning: crazy valuation ahead
There’s one huge reason why I continue to be cautious about Canopy Growth and think investors should be, too.
Its valuation is crazy. Downright insane, even.
Let’s take a look at results over the last 12 months. The company did $18 million in revenue and posted an $8 million loss. It had cash flow of negative $13 million, which was offset by raising $30 million in new funding from selling shares.
Things do look better if we look at the most recent quarter. The company posted $7 million in revenue, putting it on pace to generate $28 million over the next year. But it still posted red ink, losing $4 million, or about $0.04 per share.
Profits aren’t about to come either, at least according to analyst expectations on the TSX website. The company is expected to lose $0.07 per share in 2017 and then turn a very slight profit in 2018, earning two pennies per share.
Or, to put it another way, Canopy currently trades at 361 times projected next year’s earnings. That’s excessive.
Canopy is expensive on all sorts of other metrics too. It trades at 6.7 times book value and more than 35 times sales. It’s also issuing shares like crazy, nearly doubling the number of shares outstanding in the last year alone.
I don’t want to begrudge the company for doing that, because I’d be doing the same thing if I were in charge. Canopy doesn’t pay a dividend, so those shares are essentially free money. Cheap funding will help it in the future, and Canopy puts money in its back pocket with every share issued because of the discrepancy between book value and market value.
Those are all good things from the company’s perspective. It’s not a good thing for shareholders.
Dilution is never a good thing for shareholders. I’d expect management to issue more shares soon, taking advantage of investor enthusiasm. I sure would.
The bottom line
Canopy could very well end up as Canada’s leading marijuana company. Or it could be threatened by competition from the likes of big tobacco or another business capable of throwing billions into the market. We just don’t know. It’s too early.
I’d be willing to make a small investment in Canopy if it were more attractively valued. It’s a legit company in a sector filled with TSX Venture wannabes. But at today’s valuation, it’s just too risky.
An “investment” in Canopy Growth is anything but at this point. It’s more like speculation.
http://www.fool.ca/2016/11/02/investors-its-time-to-be-cautious-about-canopy-growth-corp/
2 big signs for a drop.
They seemingly do more than one PR every week.
Dilution coming thru financing.
It's on its way to (a) no bid (b) halt
This is troubling
$23 million in completed brokered subscription receipt equity financing;
$15 million in completed private placement of 10% unsecured convertible debentures;
$25 million in additional 8% unsecured convertible debentures announced on October 11, 2016 and expected to close early November, 2016;
Generated approximately $4.7 million in additional gross cash proceeds from exercise of warrants, stock and compensation options;
The Company has a further potential $25 million in additional gross cash proceeds from unexercised warrants, stock and compensation options, all of which continue to remain in-the-money to security holders;
Repaid approximately $9.2 million in high interest short-term and long-term loans outstanding as at June 30, 2016 in full;
Converted approximately $2.2 million in convertible notes as at June 30, 2016 into common shares;
On October 4, 2016, the Company announced the accelerated expiry of 5,658,479 private placement common share purchase warrants and 112,300 finder warrants issued in connection with a private placement which closed on December 31, 2015 and January 19, 2016. Assuming all warrants are exercised, the Company will receive gross cash proceeds of approximately $3.8 million;
On October 20, 2016, announced that the Company elected to exercise its right under the indenture to convert all its $15 million, 10% convertible notes into common shares effective November 23, 2016.
Outstanding Share Data
As at October 27, 2016, there were 245,423,422 common shares issued and outstanding, in addition to 6,464,919 stock options to purchase common shares, 54,205,551 warrants to purchase shares, 2,558,625 compensation options to purchase shares and warrants, and 4,347,826 shares reserved for future issuance in relation to $5.0 million principal outstanding convertible debentures.
Agreed. I am going to email Mark and see if I can get some idea of what the hold-up is.
Ok. So here's the deal. You're wrong. Being in default does not mean they aren't still incorporated in NV.
You don't need to have the business license valid to file.
Since when are officer's home addresses listed on filings? Watching the wanna-be Raymond Burr's here is bringing a much needed smile to my face.
The fact that you have to google how to sue in small claims is funny in itself. Good luck with that one. Especially going after a company that has Greenberg Traurig as its law firm. It has 37 offices in the United States, Latin America, Europe, the Middle East and Asia.
These auditors sure took their sweet time. Now that they have done their draft, it goes back to legal and management to sign off. I am a firm believer that it will be filed today or Monday.
Massive dilution
New FB post. Once they clear, volume will rock. Daytraders paradise.
100 shares traded today!!!!
Guessing it was a note holder.
No he didn't. Stop making things up.
they keep issuing shares.
LP's don't have expensive storefronts