I always thought Chicago-Paul was just a nay-sayer or a "short" or whatever. Now, after the beating that Aurora has given all of us "Longs" since Oct 2018 I actually think he's 100% correct. This statement

"MAYBE, just MAYBE, the demand for Legal Cannabis in Canada isn't as great as everyone thinks it is."

is definitely what I'm thinking and the Black Market weed is getting the job done for those who like to smoke. Obviously, it's a lot cheaper though quality probably suffers (or maybe not!).

Anyway, what's this? --> http://www.ademilaw.com/case/aurora-cannabis-inc

Gonna be years before some of us can get out of Aurora if, the company lasts that long..

Upturn? Doubtful with news like this on CNBC -

“Aurora Cannabis (ACB) was downgraded to "sell" from "hold" at Stifel Nicolaus, citing the near term outlook for the cannabis producer as well as negative investor sentiment for the sector”

That worked out pretty well for the stock price

Not one positive MJ stock today - https://www.newcannabisventures.com/cannabis-stock-index/

Good buying opportunity I guess

look at the sell off !! https://www.newcannabisventures.com/cannabis-stock-index/

Last time it was this low was mid-feb 2019. No earning for another 2 months so I assume the only thing to reverse the direction would be some type of press release

Yeh, theres no doubt about the medicinal benefits and the future of MJ so it's just a matter of getting the pps as low as possible. I always have a core position and just like to swing trade a smaller chunk to lower the core.

I like it at $5.50 US and love it at $5.00 US

Exactly. Which, is why I would like to add more shares and avg down. Just need to get close to the bottom first though

Anyone have an estimate on the bottom for this? Looking to get back in but I'm thinking it might be a few more weeks yet....

LOL ! Love your sarcasm

The fives have arrived! Hello little fivers!!

What to do - Hang tight or buy more to avg down? Currently, at .44 avg. Could easily bring it down to .37 simply by doubling my shares...

Grats Arnie! Solid move. Some of us are locked into this pig...

Don't worry. It's coming soon...

Where were you two weeks ago?

"As at May 31, 2019, Organigram has $87.8 million in cash and short-term investments and has generated adjusted EBITDA of $27.8 million9 year to date and has been EBITDA positive in each of the last four quarters."

I had some cash laying on the sidelines for a day like today. Unfortunately, I got them too early at $6.19. Though, it did drag my overall price down to where I feel really good about it all. Woulda been even nicer .30 less though. Such a better stock than my crap Aurora

That $6.50 is one heck of a resistance level

https://www.nasdaq.com/article/the-first-canadian-pot-stock-to-generate-recurring-profits-will-be-cm1169481

I agree 100%. Shows you the strength of OGI and the true weakness of other MJ companies

I agree 100%. Shows you th e strength of OGI and the true weakness of other Hm companies

lol /smh

Canopy down 6.5% premarket. Yikes!

A lot of people are bailing in order to not pass their entry point (at the very min). I for one, have past that point and might as well stop looking at this ugly pig which, Wall Street hates. Obviously, the losses per quarter are helping validate the free fall. Maybe I’ll try avg down when it hits $5 though, I’d hate to continue burning more paper trying to catch a falling knife...

Thanks for posting!

Chocolate:

Was this already posted?

—————-

May 20 (Reuters) - OrganiGram Holdings Inc:

* ORGANIGRAM TO INVEST $15 MILLION IN INDUSTRY-LEADING INFUSED CHOCOLATE INNOVATION

* ORGANIGRAM - ANNOUNCING $15 MILLION INVESTMENT COMMITMENT IN PRODUCTION LINE WITH ABILITY TO PRODUCE ESTIMATED 4 MILLION KG OF CHOCOLATE CANNABIS EDIBLES PER YEAR

* ORGANIGRAM HOLDINGS INC - ORGANIGRAM EXPECTS TO TAKE DELIVERY OF LINE IN FALL Source text for Eikon: Further company coverage:

I’d guess gap up on Monday?

Thanks!

Why's it going up? (was hoping to get some more shares at 37). Is there news that I don't know about?

A hard truth article that you may not want to read....

https://www.nasdaq.com/article/the-scary-number-in-aurora-cannabis-earnings-report-you-overlooked-cm1099661

(this might have already been posted)

Yep. Oh, and the reason shareholder value is of little concern is because management doesn't have as big of a stake in the company as they once did. Remember the movie Wall Street? Aurora = Teldar Paper

"Gekko: Well, I appreciate the opportunity you're giving me Mr. Cromwell as the single largest shareholder in Teldar Paper, to speak. Well, ladies and gentlemen we're not here to indulge in fantasy but in political and economic reality. America, America has become a second-rate power. Its trade deficit and its fiscal deficit are at nightmare proportions. Now, in the days of the free market, when our country was a top industrial power, there was accountability to the stockholder. The Carnegies, the Mellons, the men that built this great industrial empire, made sure of it because it was their money at stake. Today, management has no stake in the company! All together, these men sitting up here own less than three percent of the company. And where does Mr. Cromwell put his million-dollar salary? Not in Teldar stock. He owns less than one percent. You own the company. That's right - you, the stockholder. And you are all being royally screwed over by these, these bureaucrats, with their, their steak lunches, their hunting and fishing trips, their, their corporate jets and golden parachutes."


Old news but shows you proof: https://ceo.ca/api/sedi/?symbol=Acb&amount=&transaction=buy-sell&insider=

Sure. Have Aurora buyback 333,333,333 shares.

Maybe not today but likely past the $6 mark this week at a -5% a day. Do the math. This run up from the January $5s was built for yesterday’s news. Profit takers and shorts combining. People are making money by not marrying this stock.

Looks like you made a very wise decision. Grats! I’m the same and will buy back in at $5 ish range

yes.

Ahhh...and there's that magical -4% for the day. Maybe a slight bump up within the hour? Close at....6.23!

Same thing I called last week. Surprised it's not dropped the usual 4-5% but then again, the day is young (still got the 2pm selloff coming)….

Yeh, just match up the 'shorter' waves....

https://volumebot.com/?s=acb