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Did you really think that when ACB was trading at $10/Share last March that ACB would be trading at $1.21 less than a year later?
The markets might not recover. I mean, doesn't DOW 29,000 seem a little high?
Maybe the DOW was overpriced to begin with?
Cannabis was tanking when the DOW was roaring.
So if the DOW roars again - Cannabis will still tank.
OMG!! Does anyone even read my posts?
Yesterday, the Short Sellers sold to all the suckers willing to pay $1.30...
Today, the Short Sellers are selling to all the suckers willing to pay $1.21...
If you are looking for people to call the bottom on ACB - then you have come to the right place!!!
The Long-Longs have been calling the bottom on ACB for the past year.
That "Averaging Down" Play probably isn't doing them very well right now.
So if you are looking for people to call the bottom - this is the place.
However, if you are looking for people to call the bottom CORRECTLY - good luck!!
I wrote an post about this about 6 months ago.
I said:
ACB is Tanking when the Market is Up. Just imagine what happens to ACB when the market is tanking.
If a boat is going down when the tide is high, then that boat will really go down when the tide is low.
I love it how the Long-Longs discarded that $1 Price Target. LMAO!!
Only 21 Cents to go!!
While we are talking about FACTS:
Here is one for ya.
ACB at $1.21 (Down 7.67% From Yesterday's Close).
You really can't tell the difference between male & female seeds.
Instead, you have to grow them and then determine if they have Pollen Sacks (Males) or Pistols (Female).
But if you just get Feminized Seeds - it saves a lot of time and effort.
LMAO! Are you kidding me?
Google: "Lawsuits Filed Against ACB" and see what comes-up.
Or better yet, I'll even do it for you:
https://www.google.com/search?q=lawsuits+filed+against+acb&rlz=1C1GCEU_enUS821US821&oq=lawsuits+filed+against+acb&aqs=chrome..69i57j69i61l3.8846j0j7&sourceid=chrome&ie=UTF-8
https://www.rosenlegal.com/cases-1724.html
https://www.rgrdlaw.com/cases-aurora-cannabis-inc-class-action-lawsuit.html
https://www.globenewswire.com/news-release/2019/11/22/1951470/0/en/Aurora-Cannabis-Shareholder-Alert-Class-Action-Lawsuit-Filed-Against-Aurora-Cannabis-Kehoe-Law-Firm-P-C-Investigating-Potential-Securities-Claims-on-Behalf-of-ACB-Investors.html
https://apnews.com/552e27f2e251437ead5fa872dbc2be20
Okay.
FACTS: There are 8-10 Shareholder Lawsuits Filed against ACB for MISLEADING INVESTORS.
That is all we know right now. There is no update on how many are going to Court or how many will be settled out of Court.
FACT: ACB closed at $1.31 Today (A Decline of 5.07% from yesterday's close).
As far as I know - that is not public knowledge.
About 8-10 Lawsuits have been filed though.
The Lawsuits were filed about 2 months ago - and I'm pretty sure they take some time to work through the courts.
BUT if you are trying to say the Lawsuits are frivolous and that ACB's Shareholders were not sold a "Bill of Goods" when buying ACB Stock - then think again.
IMO, the Lawsuits have merit. If you don't believe me, just go to YouTube and watch Cam tell everyone how great ACB is doing. None of those interviews have "forward looking statement" clauses.
If an Executive goes on MSNBC and tells the world that "Business is Great" and it really isn't - then he is lying to the Investment Community.
I think Cannabis Investors have learned their lesson on investing in "The Next Big Thing"...
They also have the right to SUE the Company (thus all of the Shareholder Lawsuits).
Actually, that is a GREAT IDEA!!
Lets face it: The Canadian Cannabis Market has tanked and all of the Major Growers have excess growing capacity.
So they need to just stop growing weed - and start growing Coca!!!
If Aurora did this - they could REALLY put the "Coke" back into Coca-Cola!!
The "Coke Deal" would be back ON!!!
OMG - I'd be drinking Diet Cokes by the Liter!! LOL!!
Of course - there are some minor "Legal Issues" with this Business Plan - but no risk - no reward. LOL!!
I dunno.
Aurora already wrote-off the Goodwill for it's investment in those "25 Countries".
However, I am not certain if they have come to grips with the Write-Off of their Overpriced Acquisitions YET.
But ACB's Auditors will have a say in that.
I mean, in today's Cannabis Market, does anyone really believe that that MedRelief Acquisition was worth Billions?
Further Write-Offs from ACB are coming...it's just a matter of when.
Yep. They are being "fired" for being COMPLETELY WRONG.
However, Terry got 15 Million Shares of Aurora for being COMPLETELY WRONG and Cam cashed in for Millions $$$.
The Shorts made really good money on Aurora also.
However, the Common Shareholders - Not so much...
Yep. Did you run into any of the Long-Longs in the line at McDonalds?
The Long-Longs are eating Ramon Noodles - while the Shorts are dining at Mortons.
I like how it is always "The Government's Fault".
All of the Big Canadian Cannabis Companies act like they didn't know about the "Slow Roll-Out".
I guess it never occurred to them that there are only 40 Million People living in Canada (including kids and elderly) and that not everyone consumes Cannabis - AND the Companies are growing enough weed for 200 Million people or more.
I mean just do the MATH.
Just take the TOTAL Growth Capacity off all the Canadian Cannabis Growers and divide it by the population of Canada.
When you do that, you realize that they were planning on growing about an ounce a month for every man, woman, and child in Canada.
I posted about this simple "Capacity Math" about a year ago and that is when I got out of ACB.
However, the Long-Longs kept on saying something about "25 Countries"...
Yeah...right...
"Right Sizing" really means that all of the Big Canadian Growers SEVERELY over-estimated the demand for Cannabis in Canada.
"Right Sizing" also means that these companies (Canopy, Aurora, Tilray, Hexo) all WASTED Billions $$$$ of Shareholder's Money.
All of these "Losses" and "Write-Offs" are just Shareholder Money going right down the drain.
The Long-Longs will say that this is somehow good news (like everything else).
But it isn't. It isn't good at all.
I didn't even know Aurora made CBD Beard Balm.
Does Keenu buy his Aurora Beard Balm in the USA?
If so, Aurora might have a presence in the USA!!
OMG!! Do you really think ACB will go down everyday?
I mean, look at the 1 Year Chart.
What are you basing such a bold prediction on? LOL!!
Yeah, just think, instead of having 10 Shares of ACB at $1.40 - you will now just have 1 Share at $14.00.
The shorts LOVE ACB. I mean, the shorts LOVE, LOVE, LOVE ACB.
First, ACB has loyal followers that will buy ACB regardless of the facts.
So there is a "market" for their short sales.
And I'm willing to bet that the shorts will LOVE that new $14.00 price after a RS (if it happens).
LOL!!
Yeah, Seeking Alpha is trying to get ACB Shareholders to "Panic Sell".
Uh...what exactly would you call the 85% Sell-Off over the past year?
Okay. Fare Enough.
Pretend you are the CEO of ACB.
You have over 1 Billion Shares Outstanding AND your stock is hovering in the $1 Range.
What do you do?
Seriously, it is NEVER the right time to buy ACB.
There are much better Cannabis Companies on the market for your money.
And there are much better investments OUTSIDE of Cannabis.
What? What am I saying? Yes, there are much better investments than Cannabis.
In fact, Cannabis has been a HORRIBLE Investment for 90% of the people that bought ACB.
How can I say that?
I dunno. Maybe because the Stock Market Returned 29% Overall in 2019 and Cannabis lost about 80%?
That should tell you something...
Exactly.
Plus, a "Massive Deal" would dilute existing Shareholders.
If some Big Company comes in and invests $2 Billion of Cash into ACB - they will probably want 51% of the Company in return. This means existing Shareholders will own 49%. That is dilution.
ACB's Management tried to start "at the top". However, great long-term businesses do not start-out big.
Instead, they usually start in someone's garage.
Apple - started in someone's garage.
Amazon - started with a $300K loan from Bezo's parents.
Good businesses start small, grow, and reinvest in themselves.
Bad Businesses try to start big and dilute their shareholders to maintain themselves from collapsing under their own weight.
Right now, there is some guy in Canada growing the best weed in the Country in his garage and all his neighbors want some - that is how a great Cannabis Company starts...
ACB could Double. Anything is possible. But is it probable?
A more likely scenario is that ACB does a Reverse Split soon. That will help cure the over Billion Shares outstanding and will get the stock price about the $1 Range that it is trading in now.
Just buy "Feminized" Seeds.
Feminized Seeds cost more, but are worth it because you'll spend your time and energy growing girls - and not wasting your time growing boys.
Also, a "Cloner" is vital if you are planning on growing long-term. You can get a 36 spot King Cloner on Amazon for $59.
I have a near 100% Success Rate with my Clones. Use brand name "Clonex" (not the off brand stuff).
MSNL.com only sells seeds in 10 packs. But the truth is, I only need ONE Seed.
In fact, I have been growing my THC Bomb for the past 5 years from ONE Seed. Just keep cloning.
Yep. Growing is a lot of fun.
You are 100% correct - growing is only 1/2 of the process. Drying correctly is incredibly important as well as curing.
When I first started growing - I always made sure I had a lot of bought weed on hand. That way, I wasn't in any hurry to harvest. I just smoked my bought weed while my plants grew, dried, and cured.
Patience is very important to growing.
Oh, for sure.
To get back to $2/Share - ACB just needs to:
- Post Positive EBITDA.
- Stop Diluting ATM.
- Raise Capital without Diluting (ie: Partner).
- And Grow their Top Line Revenues significantly.
If ACB can accomplish this within the next 24 hours - then you are 100% correct - ACB has a shot at $2 tomorrow.
I use MSNL.com.
Get "Feminized Seeds" and the Guaranteed Stealth Shipping.
But there are a lot of Seed Banks on the Internet. But I am not sure how good they are. I've used MSNL.com for about 8 years and they are the real deal.
I would not bet on Aurora bouncing back.
The Cash Crunch that ACB is facing is REAL and the Corona Virus is not helping with Market Liquidity.
So there are better places for your money than ACB.
Some Long-Longs on here try to Average Down - but look at the chart - Averaging Down only creates more losses.
So if you are looking to invest - I would suggest something other than ACB.
It all depends on how ACB performs FINANCIALLY.
Without great Financial Performance - ACB is going to keep going down.
Yep. The USA is the next Domino to fall.
So Cresco and Green Thumb are good long-term USA picks.
Med Men is a long shot - but their new CEO is starting to get it right.
Med Men is getting-out of the Capital Intense growing operations. Instead, they are focusing on Selling Side (Retail) of the business.
The thought is: If the Cannabis Market does get flooded with Cannabis, then the Retail Stores can "pick & choose" which weed they want to buy Wholesale and sell in their Retail Space. This would insure they are selling the best weed on the wholesale market.
This "separation" of grower and seller is the future of Cannabis.
Back when Alcohol Prohibition ended, all of the major breweries had Tap Houses in Chicago. But now, everything is just bars and the bars sell alcohol from ALL of the Breweries (not just one).
Cannabis is headed in that direction also.
Yep. Ed Rosenthal is the guy who writes a lot of books on Growing Cannabis.
I bought a few of his books when I started growing over a decade ago.
BUT, today, there is sooooo much information on the Internet on Growing Great Weed.
Just go to YouTube and type in "Growing Cannabis" and just see the 1,000's of videos that show up.
I've experimented with growing Cannabis using a lot of different mediums in the past (Deep Water Culture, Drip Trays, etc) - but for best results - I use Coco (so does everyone else) and Rice Hulls, Bone Meal, Bat Guano, and Molasses along with Flower Fuel (Nutrients).
But lighting plays the biggest part in Home Growing. If you don't have at least a 600 Watt HPS - you are wasting your time. I like 1000 Watt HPS and LED's (the prices are starting to become reasonable on LED's these days).
Very True.
If I look at all of my Friends that consume Cannabis and I look at the Millennials in general - I really don't see too many people willing to put the TIME, WORK, AND EFFORT into growing their own Cannabis.
I mean, when a Millenial wants something - they want it now.
Growing weed takes a lot of work (but it's not really "work" when it is a hobby) and A LOT of things can go wrong along the 3-4 Month Grow Cycle.
If you just want the end product - then just buying Cannabis is the way to go.
But if you want a really fun hobby - and have more Cannabis than you can smoke - then growing it is a great alternative.
Seeds are easy to obtain. MSNL.com has great seeds and the Stealth Shipping is 100% guaranteed. I pay extra for the Feminized Seeds (it saves you tons of time in the long run) and the most important piece of equipment is a good Cloner.
I grow my own Cannabis Legally (I have a Medical Card) and I brew my own beer.
You save about 50%-70% of the cost when you brew your beer. It is more of a fun hobby than anything. It makes me earn my beer.
BUT, when you grow your own Cannabis - you save 1,000% or more. 5 plants grown correctly can produce about 1.5 - 2 pounds per harvest. And it costs about $60 bucks per harvest.
When Aurora or VFF talk about growing Cannabis for 49 cents or 80 cents a gram - that cost includes TONS of labor expense and salaries.
When you take-out the paid labor aspect - you can grow for about 10-20 cents a gram at home.
However, it does take TIME and EFFORT to grow weed correctly. Most Stoners would just rather buy weed that grow it because GROWING WEED IS WORK. And most Stoners just aren't willing to WORK (key word) for it.
When you compare Aurora to Amazon - Are you somehow saying that Aurora is investing in FUTURE GROWTH like Amazon did?
Remember when Amazon diluted it's shareholders by 900%?
Remember when Bezo's was kicked-out as CEO of Amazon?
Remember when Amazon had all those LAY-OFFS when it was trying to grow?
Remember that HUGE CASH CRUNCH that Amazon had?
Of course you don't remember any of this - because it never happened.
But it is happening to Aurora.
See the difference?
I'm not panicking. I actually wait for Market Corrections. CASH is King.
Everyone knows the saying: Buy When There is Blood in the Streets.
But what they don't tell you is: Make sure you buy really, really, really solid Companies when there is Blood in the Streets.
If you buy a highly diluted, highly leveraged, Company while there is Blood in the Streets - they usually don't bounce back.
And the only reason why Good Companies bounce back is because they are Good Companies.
ACB is not a good company.
Professor Brown needs to stop smoking his own weed.
Like I said, if Cannabis REALLY was going to "Play a Major Role in Stopping the Corona Virus"
THEN:
ACB would not be trading at $1.35 right now - would it?
But ACB is trading at $1.35 right now. So that is what the world and THE STOCK MARKET really thinks about Professor Brown's "Research".
OMG!! Are people really growing their own weed at home? Or is this article fake news?
https://www.msn.com/en-us/news/us/frustrated-with-shortages-medical-marijuana-patients-begin-growing-their-own-at-home/ar-BB10wllm?ocid=hplocalnews
Personally, I think the idea of a Chicago "Seed Bank" is a great idea.
OKAY.
"Cannabis will end-up playing a major role in stopping the coronavirus".
What exactly is this "Major Role in Stopping Corona" going to be?
The Market's must not have made the connection yet.
I hope the Market's figure-out that "Cannabis will end-up playing a major role in stopping Corona" soon...because the ACB share price is still TANKING.
The good news is: If "Cannabis does play a major role in stopping Corona" then the Governments will just buy their Cannabis from Canopy, APHA, VFF, and OGI.