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Former IT guy as well and you are spot on.
What a day over 7 mil traded on Canadian and U.S side combined. This thing is going to make some people wealthy in a short timeframe IMO. I am long on this one got in avg. @ .35 U.S and will hold well beyond 2018.
Their management team led by Mr. Booth seems to have their S---- together unlike most so KUDOS to them and keep up the good work. I just wish i could sample their products LOL
I just read on their site that they are constructing a 600,000 sq ft. Facility and will be able to produce 70,000 KG of medical grade MJ per year.
70,000 KG = 70,000,000 grams avg price per gram say is 5.80 then -2.20 production costs per gram = 3.60 per gram X 70 mil = 252 mil
Facility scheduled to be at full production end of summer 2017 just in time for the recreational laws to kick in.
Mind you my numbers are not 100% but it will be close well over 200 mil per annum is my guess oh wait i forgot about oils and the CanvasRX deal so add 30% to that conservatively.
https://auroramj.com/releases/
Also their deal with CanvasRX positions them well for the U.S market
All states that have med or recreational will have required testing by a certified lab. The FDA is involved in this now hence the lab certs. No state will be exempt not even Cali if it goes recreational or not.
They just did a 24 mil bought deal. They bought CanvasRX the largest MJ Pharmacy in Canada with 17k patients for 6 mil and have 6500 reg patients now.
I see nothing on OGI board thats why im on this one. Am i missing something?
NP thank you for the info
No trades on U.S side for several days now
Stfu and move on
I posted it on 8-14 looks like it increased to 23 so i was off by a few mil
I honestly think they signed a bought deal but haven't announced it yet. Yea over 2mm is insane but I love it :)
So where does everyone see this heading?
Keep adding i see this going for a long run. I have a considerable amount and will add more as I can.
They must have something brewing IE they received sell license financing or something. Anyone know?
I am in for long haul and got in early.
I hope someone goes after all these a holes involved with this scam company
They just did a bought deal for 20 mil. Price will be adjusting for a few weeks until it gets into the bought range of the 1.30's. Then it will be up from there.
Sorry last post was wrong board this one is ACB
Look at OGI that is the Canadian ticker
Company website
https://auroramj.com/news/
I am in for long haul.
Get in early and hold
Thx for the info
I thought each licensed producer/seller could only sell so much in a year say 8000 kilograms?
How big is the grow-op?
I was under the impression that they were essentially buying out puration 51% plus stake in co. And converting PURA shares into USMJ shares 200-1 ratio. It is my opinion that what we are seeing here is the shares being divvied up. Or it is all BS and investors are screwed lol
I can see that. I might buy a few k
No sell license yet. No Oil production license that i saw either. They can only produce dried goods and create inventory for later.
No sell license yet, but a new oil production license and the installation of a new vertical grow system sets the tone for long haul dec-jan my guess
I hit 20k at ask
Canada has it right look at what they are doing. It ships right to your door via post. Yea expensive to start up but look at what they can do example is ACBFF or APHQF. Can still grow your own if you want full on legalization summer 2017 or so they say.
More than 4500 Registered Patients now