Replies to post #68143 on Aurora Cannabis Inc (ACB)

[lojack]

Right before the beginning of this year there was a huge change in leadership over at Aurora, a huge behind the scenes mess that the company has had to clean up. Cut the fat, so to speak, and reshape their business.
https://investor.auroramj.com/news-and-events/press-releases/122936/
This company just did a reverse split in May to reduce their shares to just over 100 million.
https://stocknews.com/news/acb-gwph-tlry-marijuana-stocks-weekly-recap/#:~:text=On%20Monday%20Aurora%20Cannabis%20(ACB,plagued%20the%20company%20for%20years.
Since this offering ACB has churned thru over 1 billion shares. Sure the offering adds a bit more shares to their share structure, so I believe its around 140 to 150 million now. IMO this company has used their Covid time wisely and has quietly trimmed the fat, restructured the shares, cut needless spending by closing this operation, reportedly indefinitely
https://mjbizdaily.com/aurora-cannabis-shuts-massive-ca250-million-greenhouse-indefinitely/
First sentence in the article states, "Aurora Cannabis says it’s pausing operations at its Sun greenhouse in Medicine Hat, Alberta, “indefinitely.” But now that Mexico just legalized marijuana. We will see how that "indefinitely" word holds up.
https://www.forbes.com/sites/roberthoban/2020/11/29/mexico-will-legalize-the-worlds-largest-legal-cannabis-market/?sh=33d1331a708c
especially since Aurora loves them some Mexico!
https://marketrealist.com/2019/11/aurora-cannabis-runs-mexicos-cannabis-market/
So for a company that everybody is saying is doing so badly. It seems to me poised and ready for the future.
Did I mention that Aurora is Israel exclusive to supplying for their medicinal market?
https://www.prnewswire.com/news-releases/aurora-cannabis-announces-israeli-medical-supply-agreement-with-cantek-301180472.html
What's that? Aurora loves them some Europeans too?
https://assets.ctfassets.net/rhxhcf3cql1g/5flR0DM4pj4Bsu4weHoHOf/f32390da53ca2eab2db21f961ca9d304/201125_aeu_auroranordic_ger_export_pm_en_f_.pdf
IMO since they already have a piece of that American pie
https://www.marketwatch.com/story/inside-the-aurora-cannabis-move-into-the-us-cbd-market-2020-05-22
After this vote as soon as Thursday
https://www.nj.com/marijuana/2020/11/us-house-to-vote-on-ending-federal-ban-on-marijuana.html
Nothing is going to stop them from really loving some Americans too!
Especially because they are the only company that has something like this at their disposal when the time is right for some serious production!
https://www.nasdaq.com/articles/aurora-cannabis-plans-to-complete-construction-of-aurora-sun-despite-layoffs-2020-02-10
Good luck to everyone, and know what you hold!

ACB