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Here's Your World Class Due Diligence Nilda Rivera

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AMG   Monday, 07/08/19 05:17:57 AM
Re: LongNDeep2 post# 3724
Post # of 5599 
Here's Your World Class Due Diligence Nilda Rivera Lover Boy.

IMO, LND2 has been correct in his belief that Nilda Rivera is likely the scout/inside man for Aurora Cannabis @ LIHTD. However, it's not simply for the reason articulated. It runs deeper than that - much deeper.

Here's why:

According to Bloomberg's tracking of Nilda Rivera's career history, Nilda started her career as CFO of Milk Capital Corp. Rivera's Milk Capital employment is simply recorded as beginning sometime prior to 05/2002 (May 2002).

Fast forward past 12 other recorded jobs at various corporations as CFO, Board Member, and Secretary, Nilda Rivera is recorded by Bloomberg as the CFO of Prescient Mining Corp from 01/2010–12/2014.

Here's the Bloomberg website link to review/confirm the above information:



Well, if the information is accurately reported it means Nilda Rivera is/was not only a previous VP of Finance/Secretary @ Aurora Cannabix, but Nida Rivera has been with Aurora Cannabis since the beginning and liely is still doing it's bidding - namely at LIHTD.

If you follow the above information, Milk Capital Corp became Prescient Mining Corp. Prescient mining Corp became Aurora Cannabis. That means Nilda Rivera is damn near a founding member/affiliate of Aurora Cannabis.

Here's an excerpt of an article @ Seeking Alpha dated Feb. 5, 2019 to back up the above information as being more than just a theory:
Aurora Cannabis Inc. (ACB) – Market Capitalization $6.693 Billion

The third largest public-held cannabis company is Aurora Cannabis Inc., which was originally incorporated under the Business Corporations Act of British Columbia on December 21, 2006 using the name Milk Capital Corp. On September 3, 2010 Milk Capital changed its name to Prescient Mining Corp. On October 2, 2014 Prescient changed its name to Aurora Cannabis Inc.

In connection with the change in names, Prescient acquired all the issued and outstanding shares of Aurora Marijuana Inc. which was incorporated under the Alberta Business Corporations Act on September 11, 2013 as 1770415 Alberta Ltd. and renamed on April 16, 2014.

Aurora Marijuana was located in Edmonton, Alberta and had two wholly-owned subsidiaries, 1755517 Alberta Ltd and 1769474 Alberta Ltd. The principal owners of Aurora Marijuana were Terry Booth and Steve Dobler. In the share exchange, Aurora Marijuana shareholders received 60 million common shares of Prescient, 11.25 million warrants at C$0.02 per share expiring December 1, 2019; 10.2 million warrants at C$0.50 per share expiring December 9, 2017; 4 million options at C$0.01 expiring December 1, 2019; 20 million performance shares; and 3.75 million warrants at C$0.02 per share expiring December 9, 2019.

Aurora Cannabis Inc. officially came into being on December 9, 2014 when Aurora Marijuana Inc. shares were exchanged for Prescient shares and the later changed its name to Aurora Cannabis, Inc. Concurrent with these changes, Booth was named a director and CEO and Dobler was named director and President. They and the other owners of Aurora Marijuana owned 57.1% of all the issued and outstanding shares of Aurora Cannabis once the share exchange was completed.

In the year preceding their exchange of shares both Prescient and Aurora Marijuana were losing money and dissipating cash. Aurora Marijuana showed no income and a loss of C$1,823,535 for the period from September 11, 2013 (its date of incorporation) until June 30, 2014 and an additional loss of C$925,157 for the three months ended September 30, 2014. For the same time periods its operating free cash flows were a negative C$965,106 and a negative C$823,319. On September 30, 2014 Aurora Marijuana only has C$79,801 in cash and showed accumulated losses of C$2,748,106 on its balance sheet.

Prescient Mining Corp. was certainly not doing well financially prior to the share exchange. In the three months ended September 30, 2014 it had no revenue, an operating loss of C$542,732 and negative operating free cash flow of C$276,968. Its balance sheet showed it had accumulated losses of C$2,042,236. Prescient did, however, have C$1,622,430 in cash and cash equivalents.

Following formation of Aurora Cannabis Inc., Booth and Dobler immediately embarked on a campaign to raise capital to fund construction of a 54,000 square foot indoor growing, production and distribution facility in Cremona (population 457). Aurora became the first cannabis producer in its province to obtain a Health Canada license. Its original Production License from Health Canada limited Aurora production to 5,500 kilograms of marijuana per year.

For the first few years of its existence Aurora seemed to tread water as it focused on production at its Cremona facility and raising funds. It is interesting that Chuck Rifici, the co-founder of Canopy Growth, joined the board of Aurora in September 2015 shortly after his departure from Canopy. This appointment suggests Aurora might have wanted to take a look at Canopy’s playbook to help it develop a game plan. While Rifici stayed on Aurora’s board for only the 2016 fiscal year, it was long enough to create a lasting rivalry between Aurora and Canopy. In fact a number of people in Canadian cannabis sector consider Aurora the western version of Canopy.


Also, here's a 2016 SEC Form that proves MILK CAPITAL CORP. & PRESCIENT MINING CORP. are previous names of Aurora Cannabis. Signed by Nilda Rivera, Corporate Secretary of Aurora Cannabis.


So the bottom line is Nilda Rivera has been with Aurora Cannabis since it's inception in 2006, prior to Aurora going public. Her tenure spans 13 years and counting. There's no reason to believe Rivera is not working at LIHTD for the benefit of Aurora Cannabis.

Rivera is Aurora Cannabis - Inside Man.

Peace & GL2ALL



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