Time for Aurora to consolidate. Today's buying excitement were those thinking the CanniMed deal was accepted by the company over the weekend and IT WASN'T, so look for some selling weakness tomorrow.
Aurora has given them an additional 130 days to respond and that will inevitably lead to some selling. So while this may look good, time to cool the excitement and let the cards play out. It may be that Canni Med's Board wants much more per share than Aurora's offering and this may all end up being an aborted try by Aurora Relax and let this resolve itself before one pays far too much for Aurora at this time.
Time for Aurora to consolidate. Today's buying excitement were those thinking the CanniMed deal was accepted by the company over the weekend and IT WASN'T, so look for some selling weakness tomorrow.
Aurora has given them an additional 130 days to respond and that will inevitably lead to some selling. So while this may look good, time to cool the excitement and let the cards play out. It may be that Canni Med's Board wants much more per share than Aurora's offering and this may all end up being an aborted try by Aurora Relax and let this resolve itself before one pays far too much for Aurora at this time.