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Thank you for the encouraging news. We sure need it!
Booth needs to go....terrible management. He buys properties high....sells lower. Sounds like ACB investors....I was thinking of getting back in but this company just doesn't seem to have what it takes to make it. Perhaps Nelson Peltz wants ACB to go downhill so he can scoop it up cheap. That's the only thing that makes sense to me right now.
If ACB purchases GGB (rumour only), there will be more dilution....unbelievable...Terry Booth's salary needs to be diluted....
Cam has been a little red-faced on numerous occasions. He made investors believe that ACB would be positive EBITDA....wrong. He didn't get the proper permit???? WTH. I don't think the management of this company is very good. What's happening with Mr. Peltz? He came on board last March...haven't heard a thing. I know it takes time for things to happen in this sector but it seems the other big companies are able to do it. Aurora NEEDS to get a beverage or pharmaceutical company to buy in...they need to think about the investor and not just about lining their own pockets. The mood here is not good and it is understandable. They take their pay checks and bonuses so they don't feel the loss like the shareholders do.
I wish ACB could be a stand-alone company...in other words, it can't hold it's own share value without Canopy's influence. If Canopy goes up, so does ACB and vise-versa. I am long (out of necessity) but am really worried about ACB....not a very strong company, totally diluted and we hear nothing from Cam Battley....he must be on a very long holiday. I really feel he needs to address shareholders and their concerns. He is being very low-key....actually haven't hear from him in months...why? I don't want to be negative so please, if you have any positive news regarding this company, post it. We all need something positive...I'm just having a difficult time finding something positive specific to Aurora.
At the very earliest ACB (or any mj company) can start selling on Dec. 17th...edibles were legalized on Oct. 17th and they needed to submit an application which requires a 60 day waiting period. I sure hope ACB did apply...does anyone know for sure? Cam Battley hasn't pulled his head out of the sand for quite some time....have heard nothing from him. I feel he owes it to the shareholders to speak up and reassure us....unless he can't.
What is Insider Trading? I'm not a seasoned trader but if Terry Booth knew of something that was about to happen and bought all those shares to benefit himself, is that ethical?
I'm thinking of selling half and buying more when it dips down. I really checked this company out prior to buying shares...can't believe I could be so gullible.
After reading that article, I'm really getting nervous about the possibility of bankruptcy....the fact that they overpaid for acquisitions and keep diluting our shares....looks like they're in quicksand....what are everyone's thoughts? I bought in over 10.00 and have lost so very much....if I hold long I could lose everything...next they will be doing a reverse stock split if it gets too low. I really felt Aurora was such a good company...thought I had done my DD. Just didn't realize how bad they are at mergers & acquisitions. I really would appreciate some insight from everyone...tks
More dilution...why didn't they use the cash? Bad management...maybe for their wages/bonuses. They have nothing to offer shareholders anymore. what a mess - they were too stubborn to get a beverage or pharma company to invest because they wanted to keep full control....not really in control now are they?...now they'll never find one that will have any faith in what they're doing. Why are Terry and Cam so quiet? and where is all this advice from Pentz? Yes, I'm emotional....don't like the fact that we will now have to wait years to see any worthwhile profit...lining their own pockets and everyone is trying so hard to believe they are managing this company well. C'mon...really???
Brutal management. They clearly mishandled shareholders' money...and now they're stopping the build? Little too late. You can bet they'll be taking their handsome paycheques without batting an eyelid. Sean Dollinger all over again. Sucker punched twice. There was no indication to shareholders that things were this bad....next there will be lawsuits.
next will be a reverse stock split
another dilution.....or should I say, "delusion"
it makes no sense to hold long when stock is going down at this rate. ACB is not worthy of investing in at this point. I was going to hold long but sold and will buy back when it has hit the bottom. The stock wouldn't be going down if it was a sturdy investment.
I bought Canopy Growth in 2015 for $2.69/share and sold quite awhile ago (which I regret but still made a really great profit). I also purchased Aurora in 2016 but haven't made near the profit. Is Canopy that much better/bigger than Aurora or is it just managed better? It seems like a long time since investors have been shown any reason to believe in this company. IMO Aurora will be profitable and I'm not concerned about my investment because I'm holding long - I just don't understand why they're taking so long to give investors some well-deserved confidence. What time do earnings come out for Canopy?
On Oct 15th is closed at $15.07. It's now $12.02. If you think that is an increase....well then. You are extremely rude. There is a way of saying something without all the sarcasm and name calling. I don't appreciate it.
of course I have. I've held my shares since Jan 2016. I bought Canopy at $2.69/share back then too. I cashed in at $39.00 and bought more ACB thinking it would do the same...I'm in it for the long haul but it is truly frustrating.
Hey, I want ACB stocks to increase in value....I have quite a few shares...I'm not trying to be negative but I don't understand (other than dilution) why the stocks are going down instead of up, after all the good news lately. If you can prove otherwise, I'd love the reassurance.
March 19: ACB closed at !3.22; as we speak it's 12.04....
totally agree
You'll have no problem getting it under $9.....dilution has always been an issue with them. no doubt they will be a major contender but it is truly frustrating to watch the stock price go in the wrong direction - even with good news. They need to bite the bullet and get a beverage company...New Age Beverages would be a good choice. I've had 18,000 shares since Jan 2016; my choice at the time was between Aurora & Canopy...now I wish I would have chosen Canopy...hindsite. I'm in for the long run for FOMO.
Just read this article...there were also positives but they seemed more hopeful than anything...I'm getting a little nervous about Aurora...maybe because I got stung by Namaste. Not sure if I should just take the loss and move on....anyone know anything positive about this company? Shares are moving sideways and Terry Booth doesn't seem to be doing much other than diluting shares.
Three arguments why Aurora will send its investors to the poor house
Of course, there are two sides to every argument. Here's a look under the hood at why Aurora Cannabis may not be such a blazing-hot buy.
To begin with, it's a company that's been blessed with a couple of quarters of profitability due to one-time benefits, but that's been losing money hand over fist on an operating basis. As an active acquirer and company that's aiming to expand overseas, Aurora's expenses to construct and retrofit greenhouses, and establish overseas sales channels, are immense. Mind you, this doesn't include growing costs for sales and marketing, the addition of new employees, and the ongoing focus on branding and innovation. In other words, it could be some time before Aurora Cannabis is generating a meaningful per-share profit, and an operating profit without the aid of one-time benefits.
Secondly, Aurora Cannabis remains in the shadows in the partnership department. Whereas Canopy Growth landed a $4 billion equity investment from Constellation Brands, Cronos Group snagged a $1.8 billion equity stake from Altria, and HEXO formed a joint venture with Molson Coors Brewing, the largest producer by peak output is still by itself in the corner. There were reports that Coca-Cola was interested in a partnership or possible equity stake in Aurora this past September, but a deal was never reached. Without a brand-name partner with a keen marketing prowess, Aurora could struggle to gain the same validity as its peers.
Third and finally -- and you knew this was coming -- there's the ongoing share-based dilution. Until recently, pot stocks have had minimal or no access to nondilutive forms of financing, such as lines of credit or bank loans. Instead, they've often turned to bought-deal offerings, which involve selling common stock, convertible debentures, options, and/or warrants to raise capital to undertake their expansion strategy. While these offerings are successful, they also wind up ballooning a company's outstanding share count, which weighs on existing investors and pushes down the earnings per share of profitable companies. Aurora's outstanding share count is now just a stone's throw from 1 billion when it was at 16 million less than five years ago.
tks...Sean is still involved as an advisor....kinda weird. Where is Kory in all this? Haven't heard a word from/about him.
Agree....Namaste might be a good choice. I didn't realize the drama has been resolved? If you know something can you post? I have 6000 shares with Namaste but am down...bought at $1.58....Sean Dollinger is in hot water and he was the co-founder.
Aurora continues to disappoint...and yes, it must be fake news. It's nice to see all this optimism but i can't say I feel this way. IMO they are waiting far too long to announce a deal. People become loyal to a company and tend to stay there.....similar to the automotive industry....if Ford is your truck, you stay with Ford. Aurora is missing out on establishing this....poor management - c'mon Terry....use your potential.
Agreed but isn't there a point where a company as large as Aurora have a responsibility to its shareholders to do what's in their best interest? I was invested in Namaste as well and just watched that whole thing unwind with Sean Dollinger. Doesn't make for a confidence builder.
there's a big difference between pessimism and realism...I think he's being realistic. ACB could be doing better. I have to hold my shares because I'm down otherwise I would be invested elsewhere...down $1.00/share in 10 days...(Canadian)....sad
Just frustrating when ACB keeps making purchases using shareholder's money....
APHA: 9.50 UP .41
CGC 48.00 UP 1.88
CRONOS 21.37 UP .55
HEXO 5.53 UP .09
ACB 705 DOWN .05
WHY DOES EVERYONE HAVE SO MUCH CONFIDENCE....
I stand corrected. I also should correct Cam Battley's name spelling. Sorry 'bout that!
this is just for fun...ever notice that Cam Batley often has a Rockstar energy drink in front of him when he's on the Midas Letter? Rockstar is made by Pepsico. Hmmmmmmm......
ACB is a strong company, no doubt. I have a lot vested in this company. I just think they could have done better. They definitely need to find a beverage company and it surprises me that they haven't completed such a transaction. Makes me wonder why. I am in it for the long haul. I guess we'll see how the sector plays out as a whole once we see the earnings come out from other MJ companies...WEED's earnings will be out Thurs I believe. Wonder if they'll have any paper losses...LOL!!
I bought Canopy Growth when it was $2.64 so I've been following this MJ space for years. I'm not worried about my investment with ACB but didn't think I'd have to hold on to all my shares this long. My intent was to sell this past quarter and re-invest at a lower price...every time the price starts to move in a positive direction, boom...dilution again.
It was simply my opinion.
exactly
I had CGC stock and sold months ago to purchase ACB...big mistake. I am losing faith in this company. I can't sell now which is most annoying. It should be farther along by now...why does everyone try to excuse the loss...calling it a paper loss....loss is loss. They have diluted the shares and the investor is paying the price. They need to make a deal with a beverage company soon...
shorts might get caught in the crossfire...
anyone hear any news about Aurora's earnings?
I hear you! It is very frustrating when the fundamentals are good; the company is doing well but the shareholders have to wait with baited breath for even a couple cents. Weed would have been a better short-term investment.
Get ready; get set.....