I wrote to Cam and here is what his people answered me back. I asked some questions and got some answers. Nust say they are experts at answering. To me a bit unsettling but better something than nothing. See what you guys make out of it.
I work with Cam in the investor relations department. I’ve taken a look at your questions and broken them down to try to answer them best.
When do you propose that ACB is gonna engage in a buyback program.
At this time, Aurora has not initiated a share buy back program nor has it announced any planned to do so. At this juncture in our growth, we feel it appropriate to invest our capital into continuing to grow our business. That said, in the future as the company becomes cash flow positive, that is an option it may consider pursuing.
Are you having a hard time with the banks? If so, Why?
Aurora has not announced any issues with “the banks”. In fact, we recently closed the largest debt financing in the cannabis industry with BMO.
The stock market goes up dramatically and ACB goes up pennies. Whats up with that?
Without quantifying the specific period you’re looking at, this is a difficult question to answer. Without being overly general in my response, the broader cannabis industry has experienced a prolonged period of volatile valuations over the past 18 months. During this time, we’ve seen extreme periods of upward and downward pressure on share prices. Aurora, like other LP’s, is not immune to these broader market cycles like what has occurred following implementation of bill C-45 in Canada, where the entire industry experienced and abrupt decline in share prices.
Wheres all the big announcements that will make this stock take off?
Aurora continues to provide the market with regular updates on its activities when possible. Our practice remains to only announce details once potential transactions are finalized.
You seem to be dodging the outstanding shares questions everytime you're asked about it.
What specifically is the question you’re asking here? Aurora has issued shares in order to acquire strategic assets which have allowed us to significantly ramp our scale and production capacity. Happy to discuss this further with you once you clarify the ask here.
All the other cannibus stocks soared when they hit the American markets ours did a tank. What's up with that?
As noted above, following implementation of the bill C-45 in Canada, the broader industry experienced a significant market downturn. Our US listing unfortunately happened to coincide with that event.
Rumors here about insiders selling off , how true is that? If so why?
Can you provide more information with respect to the rumours you’re hearing about insider selling?
Should you have any other questions or wish to discuss this further, please feel free to reach out. I’m happy to assist.
Robert Kelly Director, Investor Relations
