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Never has it been more clear than during the current COVID-19 pandemic that marijuana has arrived at the forefront of mainstream American society. https://www.forbes.com/sites/tomangell/2020/03/23/coronavirus-crisis-shows-marijuana-is-essential-and-mainstream/
Get ready for Market slam tomorrow.. Dow futures plunge the 5% limit as coronavirus slams market, Fed official warns unemployment could hit 30% https://www.marketwatch.com/story/dow-futures-plunge-the-most-allowable-as-coronavirus-slams-market-fed-officials-warns-unemployment-could-hit-30-2020-03-22?mod=home-page&link=sfmw_fb&fbclid=IwAR3d3ZIpUcozeOM9b2g1lJbHJ89Epm7wTUnGvcTYsFt40Jkq5gR4xxaxowE
Canada's British Columbia allows CANNABIS click-and-collect phone orders to help with social distancing.. https://mjbizdaily.com/bc-allows-cannabis-click-and-collect-phone-orders-to-promote-social-distancing/
AMEN REVEREND...
MEXICO'S LEGALIZATION OF MARIJUANA & HEMP COULD BE BIG FOR THE U.S. MARKET https://hempindustrydaily.com/legalization-of-cannabis-in-mexico-could-be-big-for-us-markets/
THIS VIRUS IS GOOD FOR CANNABIS and here's why" restaurants closed , bowling alley closed , movie theater closed , the gym is closed , cannabis available , alcohol available see these markets for the next six months or however long this pandemic last sales will be very good because people don't have anything to do.. But sit at home eat sleep watch TV get drunk , get high , vape and they'll be a big baby boom in the next 9 months... look for cannabis Revenue to be increasing during this time... The coronavirus is awful in many ways but for the Beaten Down cannabis Market thank U Corona... https://mjbizdaily.com/canada-sees-steady-adult-use-cannabis-sales-growth-in-january/ https://thehill.com/policy/healthcare/488588-marijuana-sales-surge-amid-coronavirus-outbreak
CANNABIS SALES SOAR AS CANADIAN'S HUNKER DOWN https://beta.ctvnews.ca/national/2020/3/19/1_4860123.html
Another thing a lot of people don't know is brokers don't loan shares to short under $5.. So a lot of the negativity you're here now it's just noise because Brokers don't like to loan shares under 5 and definitely too risky to loan out under a dollar.. So what they're looking to do now it's bash the price down as low as possible .. So they can load up so they can profit going the other way that's a fact you can look it up... I mean think about it you think big banks some brokers want to loan shares to short under a dollar very high risk.. Not saying that some won't allow it.. but they're going to pay a hell of a intereSt rate to margin those..
Might as well get used to it I've been looking at them for about three to four years and you're exactly right repeat repeat repeat the same ignorant nonsense over and over....
Bloomberg article on Terry Booth and his Share sales and why https://www.bnnbloomberg.ca/former-aurora-ceo-terry-booth-sells-over-two-thirds-of-stake-in-pot-producer-1.1406807
John you may find the answer to your question as far as the remaining of Terry Booth Holden's here the Canadian Insider... https://m.canadianinsider.com/node/7?menu_tickersearch=ACB+%7C+Aurora+Cannabis
You got to be kidding me.. I've been a shareholder here for quite some time.. An when Aurora gives news.. This is the type of news that you get.. You don't get news of a partnership or financing to avoid cash Crunch and bankruptcy news.. Or news of substance and meaningful.. You hear about insiders dumping there shares for millions of dollars while hard-working people are bled to death your comment is joke.... Aurora management Terry and cam has diluted the company severely.. Which im glad Cam is gone and now between Terry and the other Insiders they're sure enjoying the share options.. They're selling every chance they get while good people get screwed... No cannabis company has abused its shareholders more than Aurora garbage.. I know for sure I've been here 3 years plus..
AURORA MANAGEMENT SCREWS SHAREHOLDERS AGAIN.. FOUNDER TERRY BOOTH DUMPS 12,161,900 ON THE OPEN MARKET. FOR AROUND 11 plus MILLION CANADIAN.. GARBAGE MANAGEMENT https://finance.yahoo.com/news/aurora-cannabis-announces-share-sale-110000471.html
WARNING: Markets may Crash a again in the Morning.. Here's why: States Governors are ordering all restaurants bars to remain closed including schools major municipalities.. Las Vegas is closing casinos resorts to customer until May.. Major industries are getting hit some really hard airlines are making large cutbacks basically all recreational entertainment the world is closed until the coronavirus is contain or there's a vaccine.. Goldman Sachs is stating there is no growth in the markets at this time due to the fear and spread panic of the Coronavirus.. Goldman Sachs on Sunday downgraded its outlook for the economy in the first two quarters of 2020 as the coronavirus zaps all growth from the U.S. https://www.usatoday.com/story/news/nation/2020/03/15/coronavirus-bars-restaurants-closed-states/5055634002/ https://www.reviewjournal.com/business/casinos-gaming/all-las-vegas-mgm-casinos-hotels-to-temporarily-close-1981920/ https://www.cnbc.com/2020/03/15/goldman-sachs-sees-zero-us-economic-growth-as-the-coronavirus-spreads.html?__source=facebook%7Cmain&fbclid=IwAR0YUP2aVRA6WVvTGcXRmij0E12mf-bxu4Ksccuc4InX0h8g2szwy58Dryk
Amongst the analysts that rated AURORA stock, 3 have recommended investors to sell it, 13 believe it has the potential for further growth, thus rating it as Hold while 3 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $1.65. The price of the stock the last time has raised by -4.59% from its 52-Week high https://statereviewer.com/2020/03/12/analysts-have-mixed-ratings-on-aurora-cannabis-inc-nyseacb-rpc-inc-nyseres/
Market crashes today Dow closed down 2,300 points.. Trip the circuit breakers for the second time in 23 years worst crash since 1987 black Sunday https://www.theguardian.com/business/2020/mar/12/us-and-european-markets-plunge-further-after-trump-travel-ban
AURORA PLUNGING IN GERMANY 0.75 Euros
CURRENT MARKET CONDITIONS..
Coronavirus declared World pandemic.. The Markets has been trashed and 2020 is going to be a very rough year for investors.. On the bright side this has presented a lot of buying opportunities not just in cannabis but the market as a whole.. You also have to remember that business and the economy is being affected by this Global pandemic and people are afraid.. People are not going into work and I can promise you the big picture as a whole cannabis is the last thing on anybody's mind... I never would have thought Aurora would be this low but with the current situation if the earnings report is not what is predicted.. You might see 50 Cent's here and the worst of it if they do a reverse split you're going to see a sell-off like you've never seen , and the position I'm in I have no choice but to hold like many of you here.. So hopefully Aurora Will Survive through this terrible market situation the pandemic is just adding to the turbulence all the best everyone... For those that have patience if you got extra cash watch don't buy you may be able to get some cannabis stocks ridiculously cheap and when the market does turn positive reap big Rewards...
Here's what's going on: However, fear is in the air with the stock market in general. None of the top Canadian cannabis producers are profitable yet. They're all in an early stage industry that continues to experience some headwinds. It's not surprising that investors are bailing out of marijuana stocks since the cannabis industry itself is more speculative than most other industries. https://www.fool.com/investing/2020/03/09/why-top-marijuana-stocks-are-sinking-today.aspx
Looks like Aurora management enjoying their new share options too bad they're not concern with the company has much as they are getting their share options... https://m.canadianinsider.com/node/7?menu_tickersearch=ACB+%7C+Aurora+Cannabis
You are Correct: Under NYSE rules, a company can be delisted if its stock prices remains below $1 for 30 consecutive trading days. "With the dollar minimum share price rule, you have at least six months to work it out, but with the market-cap level, as soon as you go below you're out," said Scott Peterson, a spokesman for the NYSE.
Marijuana investors Roundup analysis Round up of the week's most important events.. https://grizzle.com/marijuana-investor-roundup-analysis-of-the-weeks-most-important-events-mar-7th-2020/
Why These Canadian Marijuana Stocks Plunged Today https://www.fool.com/investing/2020/03/06/why-marijuana-stocks-aurora-cannabis-canopy-growth.aspx
AURORA MARGIN INTEREST: Security ACB / Aurora Cannabis Inc. (05156X108)
Latest Market Date 2020-03-05
Short Volume 2,787,303
Market Volume 13,058,000
Short Volume Ratio 21% A lot of people don't know many brokerage firms will not let a security be shorted if it trades under $5... So some screaming their short just not the case.... Short selling can be very risky for both the investor and the broker. Brokers will often tell investors that only stocks above $5 can be shot.. https://www.investopedia.com/ask/answers/03/110703.asp https://fintel.io/ss/us/acb
Do you have a link or anything...
NYSE TRADING REQUIREMENTS AND RULES: A stock can be below $1 and stay listed on the NYSE for less than 30 trading days. At that point, the company receives an initial price violation notice and must inform the NYSE of its plans to increase the stock price.. https://pocketsense.com/happens-stock-falls-below-1-nyse-10639.html
With current information I believe the coronavirus is blown out of proportion.. Medical experts say most people will get a mild case of it and only Elderly people need worry that have underlying health problems and I believe will have a vaccine by the end of the year and as far as Aurora 2022 as you stated revenue for the next quarter should show increase and moving towards positive cash flow.... also Fridays are notorious for sale offs for the weak who are scared to hold over the weekend.. I believe when the coronavirus BS is behind us and Aurora shows good Revenue quarters everything be fine...
Dow drops lower as coronavirus cases reach a hundred thousand The world is experiencing a pandemic the global economy is in peril and being effected.. It's not just Aurora it's the whole Market also the company is undervalued an when things do recover.. Shares's at this price look good... Mini experience margin account holders are taking advvantage of the current situation... I'll quote buffett again buy when others are fearful people right now are disgusted and scared to death... Myself I hope it does go lower I'll buy more... Aurora will be announcing a new CEO very soon and the big question is financing and I believe as big as Aurora is there's going to be an answer to that too... https://finance.yahoo.com/video/dow-drops-lower-coronavirus-cases-153454161.html
FDA Finally Sends Overdue CBD Enforcement Update To Congress https://www.marijuanamoment.net/fda-finally-sends-overdue-cbd-enforcement-update-to-congress/
A great response and an accurate one.. Thank you sir... Out of all speculation and water poisoning post.. I've read this morning your post was quite refreshing....
The company has not mentioned this or stated this and if this does happen it will destroy shareholder value and cause a massive sell-off.. Which maybe that's what you're hoping for but like I say I wouldn't even share a post like this.... Seems Seeking Alpha trying to cause a little panic sell.... Because Aurora is meeting the NYSE requirements and has not fell below a dollar yet... I'm going to call this Seeking Alpha article exactly what it is garbage...
The United Kingdom is easing import restrictions for medical cannabis, a move that is expected to improve the dismal numbers the market has seen to date.
Licensed wholesalers of medical marijuana are now able to import larger quantities of cannabis-based products and hold supplies for future distribution, the Home Office and the Department of Health and Social Care jointly announced Monday. https://mjbizdaily.com/uk-eases-import-restrictions-for-medical-cannabis/
Mexico will be debating marijuana legalization bill this week https://www.marijuanamoment.net/new-bill-to-legalize-marijuana-in-mexico-will-be-debated-this-week-but-activists-arent-happy/
AURORA PARTNER CHOOM EXPANDING INTO ONTARIO https://finance.yahoo.com/news/choom-announces-expansion-ontario-110000218.html
This is a good read for those who are Cloudy on how multi-billion-dollar companies are built and sometimes it doesn't go as planned just like with Aurora... Amazon:Keep in mind that Amazon consistently lost money for its first several years as a public company. It first reported a quarterly profit in the fourth quarter of 2001 and, at $5 million, it barely counted. Amazon CEO Jeff Bezos has long maintained that investing in future growth is more important than hitting quarterly earnings targets.. https://qz.com/1196256/it-took-amazon-amzn-14-years-to-make-as-much-net-profit-as-it-did-in-the-fourth-quarter-of-2017/
The chart and list thats in the Link... GDP. .. open the Link and look...
Aurora tops the list Again Hunchback.. https://www.bnnbloomberg.ca/cannabis-canada-pot-industry-added-nearly-7-24b-to-gdp-in-august-statscan-says-1.1397728
If when Terry and Cam where CEO and CCO... If they sign off on the financial numbers knowing they were inaccurate they're in trouble in the US... They're in violation of the Oxley law.. For misleading shareholders and putting dishonest guidance out and Cam Battley stating the company would be cash flow positive knowing that it wouldn't... The Sarbanes-Oxley Act of 2002 is a law the U.S. Congress passed on July 30 of that year to help protect investors from fraudulent financial reporting by corporations. Also known as the SOX Act of 2002 and the Corporate Responsibility Act of 2002, it mandated strict reforms to existing securities regulations and imposed tough new penalties on lawbreakers.. https://www.investopedia.com/terms/s/sarbanesoxleyact.asp
Okay gotcha, more pain coming apparently Aurora trading at a 1.20 Euros in Germany which is a 1.32 u.s.