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.
https://etfmg.com/
I would say this is big news!
Nice find!
-ACB
There I just set a nice buy at $3 over here. Let’s see if it gets filled before the other mj play breaks $20...
-HEXO-lmfao
Wonder when that gap at $3.75 will be filled, or better yet the one at $3. My guess, next week sometime.. but hey I’m an idiot throwing all my money away in another mj play! Good luck with this pile of sh’t!
-HEXO
Thanks. I posted this a couple of weeks ago on this board, just copied and pasted. Nobody want to acknowledge anything positive about this company and it’s complete B.S. the guy they ran out of this company has now gotten involved with another mj company based in the U.S. where I am sure they will start having the same share holder abuse that was going on before they let him go over here. Anyways good luck to you!
-ACB
Bought out by a bigger company? Who is bigger and has more viable contracts worldwide having to do with the MJ sector then ACB? Hell foreign countries hold huge positions in this company! All you people should go find yourselves another mj stock that the mass is flocking too and get full of all that kind of b.s. and then see the grass usually isn’t greener on the other side! Share structure is clean over here, contracts worldwide over here. Keep believing the shorties. It’s all “fake news,” right? Lmfao!
-ACB
Churned thru over 1.25 billion shares in the last 3 days..
-ACB
Right before the beginning of this year there was a huge change in leadership over at Aurora, a huge behind the scenes mess that the company has had to clean up. Cut the fat, so to speak, and reshape their business.
https://investor.auroramj.com/news-and-events/press-releases/122936/
This company just did a reverse split in May to reduce their shares to just over 100 million.
https://stocknews.com/news/acb-gwph-tlry-marijuana-stocks-weekly-recap/#:~:text=On%20Monday%20Aurora%20Cannabis%20(ACB,plagued%20the%20company%20for%20years.
Since this offering ACB has churned thru over 1 billion shares. Sure the offering adds a bit more shares to their share structure, so I believe its around 140 to 150 million now. IMO this company has used their Covid time wisely and has quietly trimmed the fat, restructured the shares, cut needless spending by closing this operation, reportedly indefinitely
https://mjbizdaily.com/aurora-cannabis-shuts-massive-ca250-million-greenhouse-indefinitely/
First sentence in the article states, "Aurora Cannabis says it’s pausing operations at its Sun greenhouse in Medicine Hat, Alberta, “indefinitely.” But now that Mexico just legalized marijuana. We will see how that "indefinitely" word holds up.
https://www.forbes.com/sites/roberthoban/2020/11/29/mexico-will-legalize-the-worlds-largest-legal-cannabis-market/?sh=33d1331a708c
especially since Aurora loves them some Mexico!
https://marketrealist.com/2019/11/aurora-cannabis-runs-mexicos-cannabis-market/
So for a company that everybody is saying is doing so badly. It seems to me poised and ready for the future.
Did I mention that Aurora is Israel exclusive to supplying for their medicinal market?
https://www.prnewswire.com/news-releases/aurora-cannabis-announces-israeli-medical-supply-agreement-with-cantek-301180472.html
What's that? Aurora loves them some Europeans too?
https://assets.ctfassets.net/rhxhcf3cql1g/5flR0DM4pj4Bsu4weHoHOf/f32390da53ca2eab2db21f961ca9d304/201125_aeu_auroranordic_ger_export_pm_en_f_.pdf
IMO since they already have a piece of that American pie
https://www.marketwatch.com/story/inside-the-aurora-cannabis-move-into-the-us-cbd-market-2020-05-22
After this vote as soon as Thursday
https://www.nj.com/marijuana/2020/11/us-house-to-vote-on-ending-federal-ban-on-marijuana.html
Nothing is going to stop them from really loving some Americans too!
Especially because they are the only company that has something like this at their disposal when the time is right for some serious production!
https://www.nasdaq.com/articles/aurora-cannabis-plans-to-complete-construction-of-aurora-sun-despite-layoffs-2020-02-10
Good luck to everyone, and know what you hold!
ACB
lol. Let’s not mention that chart is when they still had over a billion shares out for the public. After share consolidation back in May to 100 million, and the offering we are sitting at about 10-15% of the outstanding shares from last years over 1 billion. Larger than expected in the first quarter earnings of 2021, along with the exclusive supply to Israel, as well as the first shipment in Europe last month. As well as the company they bought out in the U.S. along with their heavy presence already in Mexico. I think the consensus would be hold... All IMO of course...
-ACB
lol, and why is that?
Nice find! Looks like the most recent count of registrants is the most that Canada has ever had! They have been shaking the share tree to see what scared nuts want to sell their share because not all of us have the guts to look at their investment 20-40% in the red and not panic sell, some do not watch all the time and they set stop losses that are triggered. This company has their hand everywhere! From being Israel medical supplier.
https://www.prnewswire.com/news-releases/aurora-cannabis-announces-israeli-medical-supply-agreement-with-cantek-301180472.html
To their new endeavors in Europe
https://assets.ctfassets.net/rhxhcf3cql1g/5flR0DM4pj4Bsu4weHoHOf/f32390da53ca2eab2db21f961ca9d304/201125_aeu_auroranordic_ger_export_pm_en_f_.pdf
Did I say new endeavors.. They do have this Aurora European website as well ;)
https://www.auroramedicine.com/
When Mexico gets everything straightened out. Aurora is loving some Mexico as well, in fact per this article they “run Mexico!”
https://marketrealist.com/2019/11/aurora-cannabis-runs-mexicos-cannabis-market/
Last but not least we all know this happened
https://www.google.com/amp/s/www.nytimes.com/2020/12/04/us/politics/house-marijuana.amp.html
I wonder what products are going to start getting pushed thru Aurora into the U.S. from this venture
https://www.google.com/amp/s/www.marketwatch.com/amp/story/inside-the-aurora-cannabis-move-into-the-us-cbd-market-2020-05-22
Hoping they drop some news tomorrow or first thing next week!
-ACB
Pps not cheap enough for you yet? lol.. maybe they fill that gap at $7.50 this week. They tried like hell last week to get it down there...
-ACB
Nice post!
-ACB
Nice find!
-ACB
No. I said you were talking the whole last year! I am talking about since the election..
-ACB
Talking about now. Not over the last year!
-ACB
Did you know that this company has never done a reverse split..
https://www.stocksplithistory.com/?symbol=OGI
https://www.google.com/amp/s/www.fool.com/amp/investing/2020/05/07/these-pot-stocks-may-need-to-enact-a-reverse-split.aspx
https://www.nasdaq.com/market-activity/stocks/ogi
Also taking in to consideration that they just added more to their share structure by announcing this
https://investors.organigram.ca/organigram-announces-60-million-underwritten-public-offering
Almost a half a billion shares and at their current pps IMO I would be looking for a reverse split over here soon. There are a few others in this sector as well as pharmaceutical sector that is dropping news of reverse splits on their shareholders!
-OGI
Thank you!
-ACB
Anybody know what time they are voting?
-ACB
Good video. Let’s hope they pass it and move on instead of pushing the vote until after they figure out the economic pandemic special ;) good luck to everyone!
-ACB
Most of U.S. is already at least legal defined by each state for medicinal. Look it up only 6 states in the U.S. that do not recognize mj as anything. Also Aurora entered U.S. in May with this acquisition...
https://www.google.com/amp/s/www.fool.com/amp/investing/2020/05/22/aurora-cannabis-finally-enters-the-us-heres-why-yo.aspx
With everything I have said about how this company has cleaned up their business a lot, and with their newly formed deals with Germany and soon to be the rest of Europe more than likely, especially after this happened.
https://www.google.com/amp/s/www.nytimes.com/2020/12/02/world/europe/cannabis-united-nations-drug-policy.amp.html
Also with Mexico now on the forefront of mj legalization as well.
https://www.google.com/amp/s/www.ktsm.com/news/juarez/mexico-senate-approves-legalization-of-marijuana/amp/
Aurora also is already in Mexico as well if you didn’t read a post of mine a few posts back I go in to all of this.
https://marketrealist.com/2019/11/aurora-cannabis-runs-mexicos-cannabis-market/
https://www.cosmeticsdesign.com/Article/2019/01/24/Aurora-Cannabis-breaks-into-Mexico-market-with-acquisition
My point is with all of this the U.S. will feel even more pressure to pass legalization, if for nothing else the 5% tax that will be placed on every sale that has to do with mj that is sold in America.
The problem is this pandemic and the EXTREME pressure the government is being put under for a stimulus package towards boosting the economy.
https://www.google.com/amp/s/www.foxnews.com/politics/gop-leaders-lay-into-pelosi-for-marijuana-legalization-bill-while-covid-relief-remains-uncertain.amp
https://www.google.com/amp/s/chicago.suntimes.com/platform/amp/cannabis/2020/12/1/21869893/marijuana-legalization-washington-house-senate-more-safe-act-mitch-mcconnell-joe-biden
https://www.google.com/amp/s/www.politico.com/amp/news/2020/11/29/america-legalize-weed-congress-440718
https://www.marijuanamoment.net/house-republicans-attack-democrats-over-planned-marijuana-legalization-vote/
The last 4 links is why I sold my position today in this company until the vote happens. I might miss an initial run up if they pass it. But with continued pressure on focusing passing a way more important pandemic relief package. I think this might get put off until beginning of next year in to Spring when Biden is officially in office and the country has repaired some what. If that happens look for this to fill that huge gap from 6 or 7 days ago if not go a bit below that for a nice re entry point as a hold, (IMO). I just don’t want to wake up to a 30% pps walk down premarket or post for that matter. Good luck to you and everyone else, hopefully we all get rich from this new forefront in to the new world that finally recognizes cannabis for what it is and the helpful benefits it possesses!
-ACB
Stop medical! That’s the whole reason this has made it this far... not so people can get high on something else... it has medicinal benefits... ACB not in the U.S.... Educate yourself before you invest your money in it!
https://www.google.com/amp/s/www.marketwatch.com/amp/story/inside-the-aurora-cannabis-move-into-the-us-cbd-market-2020-05-22
Heck another closely traded mj company just bought out sweet water brewing company which is also allowing that company in to the U.S. There is always a way around something. Especially when it comes to people getting cut in on making money!
Know what you own!
-ACB
Agreed. I ultimately think that the U.S. will pass the legalization bill only because it is one of the quickest ways to help the economy recover from this pandemic. 5% federal tax on all cannabis sold in the U.S. will add up quickly!
-ACB
Just jinxed it..
Just like the reverse split was needed to clean up the sloppy share structure. The closing of certain operations at the moment makes sense.. Think about it. One huge reason is this whole pandemic thing I am sure their government just like ours are giving businesses ways to cutdown operations during this time with a lot less red tape than normal. So why not take advantage and fully restructure operations and if needed they still have the facilities they are stopping at the moment to ramp up huge scale production if needed. Also when these operations were closing Aurora had an abundance of cannabis and none of these new orders had been made by Germany/Israel soon to be other parts of Europe, Mexico and the U.S included. Plus just like all of us looking at huge restrictions from a pandemic that no one knows when these new restrictions will stop why pay to operate in full scale when you don’t have to? Means less cash the company has to raise by diluting the stock to keep the facilities open. Now looking in to what seems to be a future of the whole North American continent as well as Europe with full legalization of marijuana they may re open the places they are currently shutting down. Only time will tell. Huge vote for the U.S. coming as soon as this Thursday!
-ACB
Right before the beginning of this year there was a huge change in leadership over at Aurora, a huge behind the scenes mess that the company has had to clean up. Cut the fat, so to speak, and reshape their business.
https://investor.auroramj.com/news-and-events/press-releases/122936/
This company just did a reverse split in May to reduce their shares to just over 100 million.
https://stocknews.com/news/acb-gwph-tlry-marijuana-stocks-weekly-recap/#:~:text=On%20Monday%20Aurora%20Cannabis%20(ACB,plagued%20the%20company%20for%20years.
Since this offering ACB has churned thru over 1 billion shares. Sure the offering adds a bit more shares to their share structure, so I believe its around 140 to 150 million now. IMO this company has used their Covid time wisely and has quietly trimmed the fat, restructured the shares, cut needless spending by closing this operation, reportedly indefinitely
https://mjbizdaily.com/aurora-cannabis-shuts-massive-ca250-million-greenhouse-indefinitely/
First sentence in the article states, "Aurora Cannabis says it’s pausing operations at its Sun greenhouse in Medicine Hat, Alberta, “indefinitely.” But now that Mexico just legalized marijuana. We will see how that "indefinitely" word holds up.
https://www.forbes.com/sites/roberthoban/2020/11/29/mexico-will-legalize-the-worlds-largest-legal-cannabis-market/?sh=33d1331a708c
especially since Aurora loves them some Mexico!
https://marketrealist.com/2019/11/aurora-cannabis-runs-mexicos-cannabis-market/
So for a company that everybody is saying is doing so badly. It seems to me poised and ready for the future.
Did I mention that Aurora is Israel exclusive to supplying for their medicinal market?
https://www.prnewswire.com/news-releases/aurora-cannabis-announces-israeli-medical-supply-agreement-with-cantek-301180472.html
What's that? Aurora loves them some Europeans too?
https://assets.ctfassets.net/rhxhcf3cql1g/5flR0DM4pj4Bsu4weHoHOf/f32390da53ca2eab2db21f961ca9d304/201125_aeu_auroranordic_ger_export_pm_en_f_.pdf
IMO since they already have a piece of that American pie
https://www.marketwatch.com/story/inside-the-aurora-cannabis-move-into-the-us-cbd-market-2020-05-22
After this vote as soon as Thursday
https://www.nj.com/marijuana/2020/11/us-house-to-vote-on-ending-federal-ban-on-marijuana.html
Nothing is going to stop them from really loving some Americans too!
Especially because they are the only company that has something like this at their disposal when the time is right for some serious production!
https://www.nasdaq.com/articles/aurora-cannabis-plans-to-complete-construction-of-aurora-sun-despite-layoffs-2020-02-10
Good luck to everyone, and know what you hold!
ACB
I am not talking about diluting anything. They just did that...
https://www.globenewswire.com/news-release/2020/11/11/2124820/0/en/Aurora-Cannabis-Prices-US-150-Million-Underwritten-Public-Offering.html
I am talking about the gap up that normally forms when a company’s pps opens at a higher price than it closed at normally that gap is filled within the next day or two. What I am saying is there was a gap created this morning as it closed on Friday around $10.50 and opened up this morning over $11 since that gap was filled early in the day by the pps being pushed down to $10 way before the pps went anywhere close to $12 does that mean tomorrow or sometime this week they are expecting a huge gap up and do not think it will get filled if they left it there to be filled at a later date..
-ACB
So today in the early morning this got pushed below the closing price of the last trading day. So my guess to the reason that was done is so it can gap up after hours today or tomorrow on possibly a pr drop or just anticipation of US legalization. Interested to here any opinions to this theory. Thanks
-ACB
That sucks. I hope you averaged down when they were around $4 a month ago.. Should be back over $100 pps level sooner than later especially since they did do that reverse split and shrink their share structure dramatically! -ACB
A lot quicker than that. IMO
-ACB
Nice find!
-ACB
I am currently waiting for some free’d up cash to buy back in over here. See if she dips a bit then it should make a rather quick move back up over a dollar to comply with the Nasdaq warning. I think in two more days kaken can officially start selling ecclock in Japan.
https://www.globenewswire.com/news-release/2020/11/18/2129056/0/en/Brickell-Biotech-Announces-Launch-Date-for-Sofpironium-Bromide-Gel-5-ECCLOCK-in-Japan-by-its-Development-Partner-Kaken-Pharmaceutical.html
Hopefully next financials for brickell will reflect that as well. Also they are finalizing their trials in the states which passed in Japan, so hopefully smooth sailing over here to get it in the U.S. market.
https://ir.brickellbio.com/news/detail/38/brickell-biotech-announces-initiation-of-u-s-phase-3
https://ir.brickellbio.com/news/detail/41/brickell-biotech-reports-third-quarter-2020-financial
-IMO HUGE UPSIDE POTENTIAL OVER HERE-
-BBI
Interesting article:
https://www.google.com/amp/s/www.nasdaq.com/articles/aurora-cannabis-acb-ready-to-ride-mexican-legalization-2019-11-06%3famp
Fast forward to the end of 2020 where next month U.S. will vote on cannabis legalization. Mexico actually just legalized MJ yesterday! Just has to be approved by the Chamber of deputies. This is so huge for Aurora since they already are in Mexico!
https://weedmaps.com/news/2020/11/mexican-senate-passes-bill-to-legalize-marijuana-nationwide/
-ACB
Looks like we might get that gap up needed tomorrow to clean up this chart a bit and then let’s get to stair stepping are way to that $20 ceiling we keep hitting. Let’s go ACB looking to touch low $30 range going forward in anticipation of full legalization. Then a couple good business moves and pr’s after legalization and we should be over $100 pps if not several $100 considering they already cleaned up a lot of shares with the reverse split right about a year ago. Even with the extra they just added to the float in all actuality it is a very small amount compared to demand to own a piece of one of the most profitable cannabis businesses going forward in to 2021! If Chipotle is trading over a g pps there is absolutely no reason this company along with several others in the mj sector will not sky rocket overnight!
-ACB