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They are doomed now just got tied to fraud with Dominion big selloff by the Director
https://www.thegatewaypundit.com/2020/12/revealed-solarwinds-director-sold-45-7-million-stock-options-last-week-cisa-announcement-sunday/
NEXTLEAF SOLUTIONS AWARDED U.S. PATENT AND ANNOUNCES EXTRACTION SERVICES AGREEMENT
https://money.tmx.com/en/quote/OILFF:US/news/5659805452562364/Nextleaf_Solutions_Awarded_US_Patent_and_Announces_Extraction_Services_Agreement
NEXTLEAF SOLUTIONS GRANTED MEXICAN PATENT AND SIGNS CANNABIS EXTRACTION AGREEMENT
https://money.tmx.com/en/quote/OILFF:US/news/8165248055799443/Nextleaf_Solutions_Granted_Mexican_Patent_and_Signs_Cannabis_Extraction_Agreement
Anyone ever hear of TUNAAAAROOM
RADIENT TECHNOLOGIES ANNOUNCES LICENSING AGREEMENT WITH TUNAAAAROOM
https://money.tmx.com/en/quote/RTI/news/4565449493542649/Radient_Technologies_Announces_Licensing_Agreement_with_Tunaaaaroom
Got me 99 bucks back off this turd today so thx to whomever bought them.
RADIENT TECHNOLOGIES ANNOUNCES RECEIPT OF CANNABIS RESEARCH LICENCE FOR HUMAN ADMINISTRATION TRIALS AND SENSORY AND TASTE EVALUATION OF CANNABIS PRODUCTS
https://money.tmx.com/en/quote/RTI/news/6172402334203625/Radient_Technologies_Announces_Receipt_of_Cannabis_Research_Licence_for_Human_Administration_Trials_and_Sensory_and_Taste_Evaluation_of_Cannabis_Products
This should help
RADIENT TECHNOLOGIES ANNOUNCES PARTNERSHIP WITH US BASED DREAMY CBD
https://money.tmx.com/en/quote/RTI/news/6927285831140725/Radient_Technologies_Announces_partnership_with_US_based_Dreamy_CBD
AURORA CANNABIS ANNOUNCES ISRAELI MEDICAL SUPPLY AGREEMENT WITH CANTEK
https://money.tmx.com/en/quote/ACB/news/8913251800943203/Aurora_Cannabis_Announces_Israeli_Medical_Supply_Agreement_with_Cantek
Yea maybe counting chickens before the supreme court counts the actual real eggs
So whats up with the 461 million shares traded on friday anyone have any insight?
Monday, November 9, 2020 at 8:30 a.m. Eastern Time
Nothing that i found
I would not call taking a company from .34 to over $10 in a few years a failure. The failure was he went too big too fast now ACB grows too much cannabis and cannot sell it all. If nothing else it will be a great short
If Booth pulls off a takeover I will load up under .10
https://money.tmx.com/en/quote/AUSA:CNX/news/5572870060980747/Australis_Shareholders_Have_Suffered_Long_Enough_The_Concerned_Shareholders_of_AUSTRALIS_file_and_Mail_Proxy_Circular_and_Urge_Shareholders_to_Vote_for_positive_change_using_the_Yellow_Proxy
No just what i posted. This company went dark it is my understanding that they are acquiring US cannabis companies and licenses but I have not done any DD.
Looks like Terry Booth is trying to make this his own personal piggy bank like ACB
https://money.tmx.com/en/quote/AUSA:CNX/news/5891261101296671/C_O_R_R_E_C_T_I_O_N_from_Source_Australis_Capital_Inc
This was lost in the shuffle everyone forgot about it.
Private placement deal for $4 million
https://money.tmx.com/en/quote/RTI/news/6659329003117954/Radient_announces_a_private_placement_for_up_to_4_million
What date is that from because they reduced staff by more than 50% this year
Not on the Florida ballot until 2022
https://ballotpedia.org/Florida_Marijuana_Legalization_Initiative_(2022)
Just read the financials. Looks like this will be dropping fast over the next 2 Q’s. I am looking for the $1-2 range in that timeframe. Our new CEO does know how to get a company into the positive on cash so maybe 1 year before we actually become EBITA positive. Until then it is a shorties dream.
GLTA
Yea about that. I am looking for $1-2 range now. 2020 is a total bust no good news coming within 6 months so will be a steady PPS decline imo
New CEO just announced:
Aurora Cannabis Provides Business Updates and Announces New CEO
Source: PR Newswire (US)
Appoints Miguel Martin as Chief Executive Officer
Expects Fiscal Q4 2020 Net Revenue Between $70 and $72 Million, Including $66 to $68 Million Cannabis Net Revenue
To Record Up to $1.8 Billion in Goodwill Impairment Charges in Q4 2020
Secures Greater Financial Flexibility with Credit Facility Amendments
Now Anticipates Positive Adjusted EBITDA in Fiscal Q2 2021
To Host Q4 and Fiscal Year 2020 Conference Call on September 22, 2020
NYSE | TSX: ACB
EDMONTON, AB, Sept. 8, 2020 /PRNewswire/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced an update on its business operations along with certain unaudited preliminary fiscal fourth quarter 2020 results. The Company also announced the appointment of Miguel Martin as its new CEO which is detailed in a separate announcement released this morning.
Aurora Cannabis Inc. Logo (CNW Group/Aurora Cannabis Inc.)
"Over the last six months, Aurora has focused on building the infrastructure and capabilities necessary for a successful and diversified business," stated Michael Singer, Executive Chairman and former Interim CEO of Aurora. "The first phase of our business transformation, which is now substantially complete, included the rationalization of our cost structure, reduced capital spending, and a more prudent and targeted approach to capital deployment. As a result, we now have a far more efficient asset base and infrastructure to supply our key global markets. I am delighted to now be transitioning the CEO responsibilities to Miguel and I am confident that Aurora is in a strong position to succeed under Miguel's leadership."
"Material progress has been made to optimize our Canadian operations and put Aurora on a much stronger footing," stated Miguel Martin, newly appointed CEO of Aurora. "With market leading brands and a culture rooted in innovation and science, I now feel even more confident in the opportunity to create a global leader in a rapidly growing industry."
Today, the Company is providing the following updates:
Preliminary Unaudited Net Revenue, Adjusted Gross Margin and SG&A Results for Q4 2020
Net revenue in Q4 2020 is expected to be between $70 million and $72 million, compared to $75.5 million in Q3 2020. Cannabis net revenue is expected to be between $66 million and $68 million, compared to $69.6 million in Q3 2020. We expect adjusted gross margin before fair value adjustments on cannabis net revenue to be within a range of 46%-50%, with lower gross margins expected from non-cannabis business segments.
As previously stated, Aurora has focused on prudently managing its sales, marketing and administrative ("SG&A") costs in the second half of fiscal 2020. Aurora successfully reduced SG&A costs (which include R&D spending) from over $100 million in fiscal Q2 2020 down to an expected range of $60 to $65 million in fiscal Q4 2020, excluding approximately $3 million of non-recurring costs related to the business reset and $2 million of costs associated with divested businesses.
Cost Rationalization and Near-Term Revenue Plan
The Company is now operating at its quarterly SG&A run-rate in the low $40 million range, and expects operational cost reductions from facility closures up to $10 million per quarter starting in the second half of fiscal 2021. With a tailwind of growth in the Canadian recreational market, the Company is better positioned for its next phase focused on profitability.
Under Aurora's new CEO, the team expects to be focused on executing a tactical plan intended to (1) grow Aurora's leading market share in key profitable Canadian consumer categories (2) protect and enhance Aurora's leading market share in Canadian medical, (3) grow our international medical business and (4) build leading brands under Reliva in the US CBD market. Ultimately, Aurora believes that it is capable of supporting significantly higher levels of net revenue in the future without a corresponding level of growth in SG&A.
Impairment Charges
As previously announced, and as part of the business transformation and cost reset, Aurora expects to record a number of balance sheet adjustments in Q4 2020 to recognize market realities and to position the Company for future performance. These adjustments include previously announced fixed asset impairment charges, now expected to be up to $90 million, due to production facility rationalization, and a charge of approximately $140 million in the carrying value of certain inventory, predominantly trim, in order to align inventory on hand with near term expectations for demand. Approximately 40% of the expected inventory provision relates to the non-cash IFRS fair value adjustment within inventory. Although the business prospects for Aurora remain strong, under IFRS, management is required to recognize the impact of overall industry risk, and to consider the book value of the Company relative to current market capitalization. Accordingly, the Company expects to recognize a non-cash write-down of goodwill and intangible assets in the range of $1.6 to $1.8 billion.
In addition, and consistent with a focus on financial discipline and the drive to positive Adjusted EBITDA, Aurora announced today that the Company and the UFC have agreed to mutually terminate their partnership. For Aurora, this decision reflects the evolution of the realities of the cannabis market and a focus on near term profit pools. In connection with this decision, the Company expects to make a one-time payment of US$30 million to terminate the contract in Q1 2021, which is expected to avoid more than $150 million in fees, research costs, and marketing activation expenses over the next five years.
Amendments to Credit Facility Provide Increased Financial Flexibility
Aurora has reached an agreement with its syndicate of banks regarding amendments to its secured credit agreement. These amendments are expected to provide additional flexibility during the Company's Business Transformation Plan and include:
Adjustment of the total funded debt-to-equity covenant to 0.28:1 for Q4 2020 and Q1 2021, and 0.25:1 thereafter, allowing for room to take the balance sheet adjustments noted above
Reduction in the Adjusted EBITDA milestones required for the trailing twelve-month period ending June 30, 2021 from $51 million to $20 million, including delaying the requirement to generate positive Adjusted EBITDA to Q2, in line with management's revised tactical commercial plan
Reduction in the size of the revolving facility from $43 million to $15 million to better align with the Company's average receivables balance and to reduce unnecessary standby fees
"With the difficult actions we have taken since February to right-size our team and our production footprint now behind us, these amendments to our credit facility provide us with greater flexibility over the next few quarters as we focus intensively on top line opportunities," stated Glen Ibbott, Aurora's Chief Financial Officer. "We thank our lending partners for their continued support to reach this agreement. At June 30, 2020, Aurora had approximately $160 million cash on hand. Today, we also have approximately $275 million (US$220 million) available under our existing at-the-market ("ATM") program which provides us with additional balance sheet support if required as we drive toward achieving Adjusted EBITDA profitability in the near term. With Miguel having been part of Aurora's executive team since May 2020 the next phase of our business transformation is already well underway. We have established what we believe to be a secure foundation from which to drive shareholder value in fiscal 2021, and to firmly establish Aurora as a profitable, growth-oriented leader in the global cannabinoid market."
Q4 and FY 2020 Investor Conference Call
Aurora has scheduled a conference call to discuss the results for its fourth quarter and fiscal year ended June 30, 2020 on Tuesday, September 22, 2020 at 5:00 p.m. Eastern Time. Miguel Martin, Chief Executive Officer, and Glen Ibbott, Chief Financial Officer, will host the call and a question and answer period. The Company will report its financial results after the close of markets on Tuesday, September 22, 2020.
Conference Call Details
DATE:
Tuesday, September 22, 2020
TIME:
5:00 p.m. Eastern Time | 3:00 p.m. Mountain Time
WEBCAST:
http://public.viavid.com/index.php?id=141462
REPLAY:
(844) 512-2921 or (412) 317-6671
Available until 11:59 p.m. Eastern Time Tuesday, October 6, 2020
PIN NUMBER:
13710020
About Aurora
Aurora is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. The Company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, and Reliva CBD. Providing customers with innovative, high-quality cannabis products, Aurora's brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched. For more information, please visit our website at www.auroramj.com.
Aurora's Common Shares trade on the TSX and NYSE under the symbol "ACB", and is a constituent of the S&P/TSX Composite Index.
Forward Looking Statements
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These forward-looking statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions, estimates and assumptions of management in light of management's experience and perception of historical trends, current conditions and expected developments at the date the statements are made, such as current and future market conditions, the current and future regulatory environment and future approvals and permits. Forward-looking statements are subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially from those projected in the forward-looking statements, including the risks associated with: entering the U.S. market, the ability to realize the anticipated benefits associated with the acquisition of Reliva, achievement of Aurora's business transformation plan, general business and economic conditions, changes in laws and regulations, product demand, changes in prices of required commodities, competition, the effects of and responses to the COVID-19 pandemic and other risks, uncertainties and factors set out under the heading "Risk Factors" in the Company's annual information form dated September 10, 2019 (the "AIF") and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com and filed with and available on the SEC's website at www.edgar.gov. The Company cautions that the list of risks, uncertainties and other factors described in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
The Company uses financial measures regarding itself, such as Adjusted EBITDA, adjusted gross margin before fair value adjustments on cannabis net revenue and cannabis net revenue, that do not have standardized meaning under the International Financial Reporting Standards ("IFRS") and may not be comparable to similar measures presented by other entities ("non-IFRS measures"). Further information relating to non-IFRS measures, is set out in the Company's management discussion and analysis for the three and twelve months ended June 30, 2020 and 2019 under the heading "Cautionary Statement Regarding Non-GAAP Performance Measures" and the "Revenue" section for reconciliation to the IFRS equivalent.
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/aurora-cannabis-provides-business-updates-and-announces-new-ceo-301125323.html
SOURCE Aurora Cannabis Inc.
Copyright 2020 PR Newswire
A little more good news update on Premium 5 products.
https://web.tmxmoney.com/article.php?newsid=8925274077140167&qm_symbol=RTI
Bruce Linton has zero to do with UFC and Aurora how would he even see the deal? I call BS! Also he was fired again!
https://www.bnnbloomberg.ca/bruce-linton-fired-again-readies-new-global-pot-fund-1.1447688
Hope u r correct. I am loading all I can at these levels.
Looks like crappy news for the PPS
Shorts are all but gone the loan rate is 10% and very little short interest. Most posters are short sellers. Stock is consolidating right now between 10-13. Low volumes little short interest means a big bounce in the coming weeks with no real retrace back is my guess.
More good news!
Radient Technologies Inc. and Fluum Inc. Enter Into Multi-Year White Label Deal
https://web.tmxmoney.com/article.php?newsid=5188957150255523&qm_symbol=RTI
Hell yes about time, glad I loaded more at these levels.
More cost savings
Aurora Cannabis Announces Retirement of Terry Booth from Board of Directors
Source: PR Newswire (Canada)
NYSE | TSX: ACB
EDMONTON, AB, June 29, 2020 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced that Co-Founder Terry Booth has retired from his role as Director of the Company, effective June 26, 2020. Mr. Booth was the Chief Executive Officer of Aurora from December 2014 through February 2020 and served on Aurora's Board of Directors since December 2014.
Aurora Cannabis Inc. Logo (CNW Group/Aurora Cannabis Inc.)
"On behalf of our Board of Directors and management team, I would like to thank Terry for his leadership over the years and for his tenure as a director," said Michael Singer, Executive Chairman and Interim CEO of Aurora. "As one of the original cannabis visionaries, Terry leaves an enviable legacy in the form of Aurora Cannabis. He helped set the table for the Company to lead in Canada and globally, and we continue to execute our plan to do so profitably."
About Aurora
Aurora is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. The Company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Reliva CBD and ROAR Sports. Providing customers with innovative, high-quality cannabis products, Aurora's brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched. For more information, please visit our website at www.auroramj.com.
Aurora's Common Shares trade on the TSX and NYSE under the symbol "ACB", and is a constituent of the S&P/TSX Composite Index.
Forward Looking Statements
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These forward-looking statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions, estimates and assumptions of management in light of management's experience and perception of historical trends, current conditions and expected developments at the date the statements are made, such as current and future market conditions, the current and future regulatory environment and future approvals and permits. Forward-looking statements are subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially from those projected in the forward-looking statements, including the risks associated with: entering the U.S. market, the ability to realize the anticipated benefits associated with the acquisition of Reliva, achievement of Aurora's business transformation plan, general business and economic conditions, changes in laws and regulations, product demand, changes in prices of required commodities, competition, the effects of and responses to the COVID-19 pandemic and other risks, uncertainties and factors set out under the heading "Risk Factors" in the Company's annual information form dated September 10, 2019 (the "AIF") and filed with Canadian securities regulators available on the Company's issuer profile on SEDAR at www.sedar.com and filed with and available on the SEC's website at www.edgar.gov. The Company cautions that the list of risks, uncertainties and other factors described in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/aurora-cannabis-announces-retirement-of-terry-booth-from-board-of-directors-301084871.html
SOURCE Aurora Cannabis Inc.
Copyright 2020 Canada NewsWire
There was no dilution
Aurora Cannabis Announces Retirement of Co-Founder and President Steve Dobler
Source: PR Newswire (US)
NYSE | TSX: ACB
EDMONTON, AB, June 16, 2020 /PRNewswire/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced that Co-Founder Steve Dobler, will retire from his roles as President and Director of the Company, effective June 30, 2020. Mr. Dobler has been the President of Aurora and a member of Aurora's Board of Directors since December 2014.
Aurora Cannabis Inc. Logo (CNW Group/Aurora Cannabis Inc.)
"On behalf of our Board of Directors and management team, I would like to thank Steve for all his contributions to Aurora and for his tenure as a director on our board," said Michael Singer, Executive Chairman and Interim CEO of Aurora. "His keen business insight and unparalleled passion for the company will be greatly missed. Steve's decision to retire and help streamline our leadership team further supports the objectives of our business transformation plan as we remain focused on driving Aurora to become a profitable and robust global cannabis company. "
With the retirement of Mr. Dobler, the board currently has nine directors, seven of whom remain independent.
About Aurora
Aurora is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. The Company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, and ROAR Sports. Providing customers with innovative, high-quality cannabis products, Aurora's brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched. For more information, please visit our website at www.auroramj.com.
Aurora's Common Shares trade on the TSX and NYSE under the symbol "ACB", and is a constituent of the S&P/TSX Composite Index.
Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/aurora-cannabis-announces-retirement-of-co-founder-and-president-steve-dobler-301077486.html
SOURCE Aurora Cannabis Inc.
Copyright 2020 PR Newswire
Short interest share loan rate for today was 60.5% WOW
You can find it on this page
Almost 116 mil O/S so not too bad
https://web.tmxmoney.com/quote.php?qm_symbol=OILS:CNX