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.
Anyone have an idea what the pps be after the 1 to 12 reverse split?
This is a great article that I say and wanted to share with all those that are long and strong with $ACB. GLTA
Aurora Cannabis Could be Among the First Marijuana Sellers to Turn a Profit
-- Barrons.com
BY Dow Jones & Company, Inc.
— 2:49 PM ET 06/24/2019
Aurora Cannabis ( ACB ) is on track to be the one of the first big marijuana firms to turn a profit. That could come as soon as this quarter, according to Cowen analyst Vivien Azer.
The back story. Aurora Cannabis ( ACB ) sold 9 metric tons of marijuana last quarter, but that wasn't enough to beat Wall Street's bar for revenue and adjusted earnings. At the time, BMO Capital Markets analyst Tamy Chen was concerned about a lack of supply that could hinder its path to profitability.
Aurora stock closed at $9.25 3 months ago. Since then it has shed a fifth of its value, sinking to $ 7.30 at Friday's close. Some have been bullish, Bank of America Merrill Lynch and Cowen among them, while others, including Stifel's Andrew Carter, prefer rival Canopy Growth.
What's new. Azer called Aurora stock her top marijuana pick, in a note to clients on Monday. She wrote that while other firms struggle with larger losses, Aurora could reach positive earnings before interest, taxes, depreciation, and amortization, or Ebitda, this quarter. Compare that with Canopy, which posted an expanded Ebitda loss of 98 million Canadian dollars (US$74.3 million) when in reported fiscal fourth quarter earnings last week.
"At a time when EBITDA losses across the industry are elevated, we have a strong appreciation for
ACB's operational rigor," Azer wrote.
She noted that Aurora holds a No. 2 position in recreational-use revenue and is among the best at keeping a variety of products in stock in Ontario, British Columbia, and Alberta. She also said it has the largest cultivation footprint in Canada, which gives the company the infrastructure to increase its revenue in the medical market during a weaker recreational market.
Aurora stock was up 2.1% to $7.45 Monday afternoon. The S&P 500 was nearly flat.
Looking ahead. Azer maintained an Outperform rating, noting that it should trade at a premium to its peers "given its near term path to profitability in conjunction with strong early stage execution within the nascent Canadian cannabis adult use market."
She said that as the recreational-use market evolves, she looks for better industry supply to support bricks-and- mortar stores and draw more market share from illicit sellers.
Health Canada will also begin evaluating second-wave Cannabis products, such as vapes and edibles, in October. The process will take 60 days, meaning those products wouldn't hit the shelves until at least mid to late December. When that does happen, Azer expects Aurora to focus its efforts on vapor, although "they will likely carry a diverse portfolio of products."
She said Aurora could add revenue via its operations in Germany and Australia, and attract a big-time strategic partner " likely brokered by strategic advisor Nelson Peltz."
Write to Connor Smith at connor.smith@barrons.com
I totally 100% agree with you Dalian. I am in this for the long haul. The fundamentals have not changed. $ACB is putting a great business plan together and I believe the future looks bright. I am in this for 5 years or longer. This is an investment not a get rich quick stock. Takes time but our day will come after the shorts start feeding on another sector. Long and strong $ACB. GLTA
I hope this was not a dead cat bounce. That’s what the hedge fund guys do In order to short this stock. Great day today hoping for a bull run back to $9.00 US. Long and strong $ACB. GLTA
Totally agree with Rev and Bigman. In 2 to 5 years everyone that was long and strong will get the last laugh for all the naysayers. GLTA $ACB
Here’s a positive article I wanted to share with my long $ACB brothers and sisters.
https://finance.yahoo.com/news/aurora-cannabis-buy-acb-stock-124402727.html
Long and strong with $ACB. GLTA
I sent you a private message. Let me know if you didn’t receive my message to you through Ihub. GLTU.
I totally agree with you bro. I got in at $1.50 pps. And continue to add to my stock. To date haven’t sold a single share. But have my shares loaned out for 30% interest. I use the interest which is around $12,000.00 each month to keep buying more $ACB stock. I will continue to loan out my shares as long as it is being shorted. I am long and will hold on to my shares for 5 years. $ACB is a good company and the fundamentals haven’t changed. I am not a pumper and am buying because I plan on makng a lot of $$$ when I sell and take my profits. I am 62 years old so time is not on my side but will cash out when I’m 67. Then will put my $$$ in a position to make 6% interest. I will be able to retire and enjoy my retirement. GLTU and hope your wife is doing well. Take care bro and I agree with your post. So many shorts trying to use scare tactics to make some people to sell their shares. $ACB will make a lot of people very wealthy to those that stay the course and keep your eyes down the road in the next 2 to 10 years.. long and strong $ACB. GLTA
Here's a article that I just found and wanted to share with all of the longs with $ACB. Everyone thought the Coke deal was dead but this article sounds very promising.
Coke and Pepsi Could Be CBD Stocks, Too, If They Join the Craze -- Barrons.com
BY Dow Jones & Company, Inc.
— 11:11 AM ET 04/26/2019
Demand for CBD and related products is exploding. Piper Jaffray believes major beverage companies -- such as Coca- Cola and PepsiCo ( PEP ) -- and cannabis producers look poised to benefit from this growth, whether they focus on infused beverages or other products that promote wellness goals.
The back story. Although Canada legalized cannabis in 2017, the road toward acceptance in the U.S. hasn't been as easy. So far, individual states have taken their own approaches to marijuana legalization.
Read more: CBD Is the New Marijuana. But Don't Buy Into the Craze for Hemp Stocks.
However, other cannabis-related products have blazed a trail, with last year's legalization of hemp, and its key ingredient cannabidiol, or CBD. That has opened the door to major retailers selling CBD products, the potential for cannabinoid-based drugs, ongoing expansion for cannabis companies like Aurora Cannabis ( ACB ) , and plenty of interest from investors. The Food and Drug Administration will be taking CBD under further consideration, too.
What's new. Piper Jaffray analyst Michael Lavery took a look at the potential for CBD amid rapidly growing demand.
"It is a bit like gluten (consumers are unsure what it is), but the opposite: they know they want it," he writes.
The FDA is holding a hearing on May 31. While at the moment the FDA doesn't allow CBD to be added to foods or beverages sold interstate, in-state sales that abide by local law may skate by.
Even if the FDA doesn't broaden the availability of CBD, Lavery believes big beverage companies like Coca-Cola (KO) and PepsiCo ( PEP ), which have local bottlers in every state, could easily sell CBD beverages legally. While neither beverage giant has stated that it intends to enter the market, CBD is definitely on their radar.
HEXO Corp. ( HEXO ) also hinted that it could launch in as many as eight states where it believes CBD-infused products will be legal and in demand.
Looking ahead. Ultimately, Lavery estimates the national market for CBD could be worth between $3 billion and $6 billion in 2020, and as much as $8 billion to $15 billion in five years. Along with more recreational products, like drinks, health-related CBD and other cannabis products are another potentially huge growth area. There are ways for companies to skirt the FDA's focus on CBD products with unsubstantiated health claims, Lavery notes.
"For example, CBD and melatonin together could be marketed as a sleep aid, as melatonin already supports a claim that it 'Promotes Relaxation & Sleep,' as on its packaging now. This likely has similar potential applications with caffeine for energy or glucosamine for joint pain, etc.," Lavery says.
Lavery believes companies that are making inroads in CBD -- such as Tilray ( TLRY ) and Canopy Growth ( CGC) also look well-positioned to benefit from this growing market, as well as any other companies that "can supply CBD at scale."
Write to Teresa Rivas at teresa.rivas@barrons.com
(END) Dow Jones Newswires
04-26-19 1111ET
Copyright (c) 2019 Dow Jones & Company, Inc.
Totally agree with you Bigman. The fundamentals are still there and very positive. What I like is when we have red days it is not going down as in 2018. $ACB is a strong company with a bright future ahead. It’s not IF we have a BIG deal but rather WHEN the BIG news happens. I believe that the management team is in talks with several companies. They are being very smart by putting these deals together and I truly believe that they are looking out for their shareholders. I know you hear about the D word. I feel that it may be later this year before we are made aware of the deals they are working on. I have been in $ACB for 3 years and have not sold a single share. I am long and strong with $ACB. Take care bro and good to read your post. You and I are on the same page and can’t wait to see the $$$ we and those that have been long and loyal with $ACB. GLTA!
Great article I read this morning concerning Bank of America top three MJ buy recommendations.
https://marijuanastocks.com/bank-of-america-analyze-key-marijuana-stocks/
I am long and strong with $CGC. The future definitely is bright and the fundamentals are strong.
I hope all $CGC brothers and sisters have a great Easter holiday. GLTA
Just read this article about Bank of America top three cannibis stocks to buy. $ACB is one at the top of their buy recommendations.
https://marijuanastocks.com/bank-of-america-analyze-key-marijuana-stocks/
Long and strong on $ACB GLTA
I agree 100%. $ACB will be many years ahead of other countries that try to produce their own mj. It will make $ACB the choice for medical quality cannibis. Long and strong on $ACB. GLTA
I agree with you 100% and feel and believe the same way as you. $ACB has strong fundamentals and believe this a great long term company and will make a lot of $$$$ when I do decide to sell. Hope you are feeling better since your surgery. Long and strong with $ACB. GLTA
When you loan out your shares you can sell them at any time. I loaned mine out many times over the past two years. I made as much as 27%. I won’t loan my shares for lower than 15%. On average I’ve gotten 21%. That is a great return on my 53,000 shares. It has allowed me to buy more shares with the interest I’ve made. I am long and have not sold a share of $ACB. My small amount of shares I own and loan out does not change the outcome or fundamentals which I believe is strong. $ACB is a great company and I plan on holding for 5 years or at some point cash out if I hit a great number.
Chicago you do not give up your shares. You can stop your broker from loaning and you can sell the shares you loan if you decide to sell. For me it’s about making a good return on my investment. And since I am long on $ACB why not take the shorts money when they borrow my shares. GLTA. Long and strong $ACB.
Here’s an article I read about people shorting $ACB and several other major MJ companies.
Long and strong $ACB GLTA
https://markets.businessinsider.com/news/stocks/weed-stocks-short-sellers-get-pummeled-in-february-2019-2-1027990330
I agree with you Rev. $ACB has had many red days for weeks. But I believe we are building a stronger and higher base this past month. The fundamentals remain very positive and gets stronger every quarter. I believe if those that are long will remain calm and patient the future looks very bright and a lot of $$$ to be made. I have been in $ACB for two years and am up 430% with my early shares but have kept buying when it was at $12.00 pps. So I am down with some of my shares but am not worried because again so many good things happening and even better things to come. I continue to buy on the dips but have not sold a single share. My advice to everyone remember Rome wasn’t built in a day and for those that are long stay calm and not let all the pumpers and dumpers get to you. Stay the course and you will be rewarded $$$.
Praying for a speedy recovery for you Rev. Hang in there and we will see many Green Day’s in the future for those that are long and strong with $ACB. GLTU and to all of by long brothers and sister with $ACB.
Great news and position for $ACB.
https://www.barchart.com/stocks/quotes/ACB/opinion
I 100% agree with you. GLTU.$ACB long and strong!
Thanks bro. We need to stay focused on the big picture and not let all of the shorts try to bring scare tactics and make some think the sky is falling. This is and has been a wild ride but will be very profitable for those that are patient. Everyone hang in there for the long haul and be strong and not pay a lot of attention to those that try to get you to sell. Very exciting days to come. The future is bright and remember you haven’t lost any of your money on the red down days unless you sell. The red days will give into many Green Day’s like we experienced last week.
I am Long and strong and good luck to all $ACB brothers and sisters.
$ACB is definitely a winner. They are definitely putting their company in a great position to one of the top cannibis providers in the medical and recreational field. There have and will always be ups and downs but $ACB will make a lot of the long shareholders rich. It was hard for me to not sell when they hit $12.00 last year and go down to $4.00US. But I held to my conviction to hold and buy more shares while it was down knowing that in 3 to 5 years this stock could hit $50.00 or more as their sales numbers grow after all of their acquisitions pay off.
Don’t worry about the short term day to day whether they are green or red days. Think long term as to what the shares will be in 5 years and hold to that timeframe and you will make a ton of $$$. Continue to buy on the dips and accumulate as many shares as you can afford. You will not be disappointed. Good luck to you and all long players in $ACB. GLTA
$ACB Long and Strong!
It does seem that a lot of people are doing that. When you take in the fact that if you sell short and not hold your stock for a year you pay 35% taxes. If you hold and sell after a year you pay 25% in taxes unless They have changed the tax laws. So you are really have to time the market to really make it worth while. To me I am long for 3 to 5 years. For me It’s not worth taking the chance. I have heard so many people post how they wish they had held and wouldn’t have sold their shares. I understand that day traders do this all the time but for me I am long and strong on $ACB. I do agree to adding and buying on the dips and pull backs. But for me it’s not worth taking the risk. There are some that have timed it out and added more to their position which is and was a good move for them. There will always be ups and downs with any stock and the opportunity to take those opportunities to sell and buy back it making profits and adding to their positions.
For me I started buying Aurora shares over two years now. The future and fundamentals look bright for $ACB according to the DD that I have done. I wish and hope that everyone whether long or day traders make a ton of $$$$. GLTA.
$ACB. Long and strong!
I started buying 2 years ago and have been buying whenever I could get funds. It was tempting to sell when it hit $12.00 US but I didn’t. Some sold and bought back in when it went back down to $4.00US. I am in this for the long haul and am just setting back watching and waiting patiently. I’m afraid of selling and the stock not pulling back. But I know it always does. Timing is everything so for me is to hold on and am long and strong for $ACB. We have a winner and this stock will make a ton of $$$ for those that are patient. GLTA.
Finally nice to have some very positive articles coming from finicial sectors. Long and strong $ACB
https://www.barrons.com/articles/aurora-cannabis-stock-analyst-forecast-51551813092
Nice close $8.09 $ACB
Agree with you Rev. You and I have been in this stock for a long time but we are both Long and Strong. GLTU $ACBFF
Marijuana Is Now Legal in Canada. Pot Companies Expect a Rocky Start -
- Barrons.com
BY Dow Jones & Company, Inc.
— 11:42 AM ET 10/17/2018
SMITHS FALLS, ONTARIO -- The launch of the recreational cannabis industry in Canada will be a volatile ride, but the companies forming the industry seem prepared.
Bruce Linton, the co-chief executive of Canopy Growth Corp. (CGC) , braved a roughly five-hour flight from the tiny town of Smiths Falls to Newfoundland on Tuesday night, despite 60-mph winds creating enough turbulence to make landing treacherous, just to sell one of the first grams of legal weed in an outpost in the Atlantic time zone. The media opportunity was so much of a risk, he and fellow CEO Mark Zekulin decided that only Linton would make the voyage.
On the other side, though, Linton was able to officially mark the end of one era and the beginning of another: After nearly a century of prohibition, Canada became only the second country in the world, and the only member of the G- 7, to legalize the drug for recreational use. Marijuana is officially legal in Canada.
Stocks in the major marijuana producers were mostly falling Wednesday on the first day of legalization.
The turbulence won't end with Linton's flight. With little history or precedent for Canada to follow, the early months of recreational cannabis sales face ambitious timelines set by the governing party, a different set of laws in each of the country's 10 provinces, and potential supply shortages as Canada's federally licensed producers expand production. Canopy executives, as well as colleagues at Aphria (APHQF) and Aurora Cannabis (ACBFF) and outside experts, told MarketWatch in interviews this week that they expected significant shortages on day one of legalization.
The pot producers have been frantically building out operations since the legislation passed earlier this year, as their stocks have drawn interest from well beyond Canadian borders for the chance that they could have an early toehold in an eventual global industry. Companies like Tilray (TLRY) and Cronos Group (CRON) have listed on U.S. trading exchanges as everyone prepares to see what the market will actually look like.
Canada offers a ripe market to test a legal cannabis industry: Mackie Research analyst Greg McLeish estimates that about 19% of Canadians consume cannabis in one form or another, much higher then the 4% average world-wide, according to the United Nations. CIBC estimates by 2020, the country will consume C$6.5 billion in revenue, or about 810,000 kilograms of pot annually.
There are more than 120 federally licensed producers in Canada, and to hear executives at those companies tell it, each one has a special blend of plant genetics, brand smarts, production efficiency and reach to make stockholders rich and rivals envious. The companies behind those swollen market caps will now have to prove their pitches by showing they can adapt, as investors wait to determine the winners.
"We are all experiencing supply chain issues for a myriad of reasons, some controllable and some not," said Vic Neufeld, CEO of Aphria (APHQF), which had to dispose of 14,000 pot plants last quarter because there wasn't enough staff to harvest the buds when they ripened.
Read more: Marijuana Stocks Are the New Bitcoin
There are also a shortage of retail locations. In the country's most populous province, Ontario, there are no bricks-and-mortar stores open on Wednesday, and won't be for months. After a new government took power in a recent election, Ontario opted to sell pot online via a government-run store and allow private companies to open up stores on the ground. In Quebec, the second most populous province, there will only be a handful of stores around the two major cities, Montreal and Quebec City.
"There will be a severe supply issue," Mackie analyst McLeish said.
McLeish calculated that it will take 16.6 days to satisfy customer demand in Quebec, assuming the 12 stores open on Oct. 17 remain doing business for 12 hours a day following legalization. In Ontario, 500 stores would take 14.8 days to meet demand under the same conditions, according to his projections.
"The system won't be perfect out of the gate, and we shouldn't expect it to be," Aurora Chief Corporate Officer Cam Battley said. "It's a nationwide, very complex system with 13 jurisdictions, plus all of the municipalities. Are you kidding me? It's going to take a while to iron out, but it's going to be fine."
Canadian Minister of Border Security and Organized Crime Reduction Bill Blair told MarketWatch that although sales will be legal Wednesday, it will take months and perhaps longer to work out the inevitable issues that arise in the new system.
"It's a process," said Blair. "People look at the date of implementation -- why isn't everything in place that will be in place. The reality is, it will take time."
Blair, a former police chief of Toronto, was one of the chief architects of the country's policy on the drug. He says that the new laws are designed primarily to protect the public's health and permanently evict the black market for pot, not as a grand experiment on cannabis use.
"You don't want to experiment with a country," Blair said.
Legalizing cannabis is an ambitious experiment, however. The Liberal government under the leadership of Prime Minister Justin Trudeau will permanently alter Canadian society and hopes to generate hundreds of millions of dollars in new tax revenue, thousands of jobs and potentially position Canada as a world leader in a sector that has been crawling toward legitimacy.
If that vision is realized, it will likely be after a rough journey. Canopy co-CEO Linton, who experienced that bumpy flight, is ready to revel in this next step on "the process," he said.
As Linton was showing off Canopy's headquarters built inside a long-abandoned Hershey's chocolate factory in Smiths Falls on Tuesday, he talked about the many failures Canopy has experienced developing technology, growing techniques and products that have begot its success. In Linton's eyes, "the process" is the time for experimentation in an industry that has for nearly a century been illegal, in the hopes of innovation rivaling what Silicon Valley companies accomplished in the early years of the internet's childhood.
"We're willing to make more mistakes than any other cannabis company," Linton said. "For a while."
Sorry. Misunderstanding. I agree with you. GLTU
Now down 14.6%. So if you know how ClayTrader works are you calling my post TRASH? Every stock he posted his charts on today are all shorted. Enough said!
$ACBFF down 10.50%. Now do you understand and see I am correct. You must be a newbie.
Just trying to help you understand. Been trading for 3 years and see it every time Clay posts his charts. There are other traders that know and agree. Look at the companies he post his daily charts. A call to short them and they are shorted if able. your money your call to do whatever. Just trying to help you understand unless you are one of his followers. GLTA
Agreed bro. GLTU also.
I understand. It’s looking at L2 orders to buy or sell that are placed in advance before opening.
Clay is rallying his team to short $ACBFF. Remain long and strong with $ACBFF. Don’t sell but hang in there. Probably another red day but Green Day’s ahead. GLTA
I am using Fidelity and it shows the ask and bid prices which changes as we get closer to open. It shows orders in place for opening. That’s how I know and see what’s going to open.
Top 5 mj stocks will open down. Shorts are trying to recover and make $$ before $ACBFF heads north. I am long and strong with $ACBFF. Aurora is a great company. I bought 3,000 more shares yesterday. Shorts are trying to recover and make $$ before NYSE listing coming any day and other good news to come. Hang in there and don’t let shorts scare you to sell. Good days ahead and a lot of $$$ to be made for those that remain long and strong. GLTA
I agree with you Rev. The shorts have hit the entire mj sector and $ACBFF has really been shorted but I am in for the long haul. Aurura is a strong company and those they hang in there will be rewarded. There is going to be up days and down days but at least we are heading north and soon we will begin to really move upward after listing and with further news to come. GLTA $ACBFF
Covering his ass on all his short deals!! LOL $ACBFF
Trading will resume at 10:45. We'll know something soon. $ACBFF GLTA
IIROC Trade Resumption - ACB
BY Canada NewsWire
— 10:20 AM ET 09/18/2018
TORONTO, Sept. 18, 2018 /CNW/ - Trading resumes in:
Company: Aurora Cannabis Inc. ( ACBFF
Loading...
Loading...
)
TSX Symbol: ACB
All Issues: Yes
Resumption (ET): 10:45
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions