Replies to post #69257 on Aurora Cannabis Inc (ACB)

[weedisgreen]

Yeap... hiring 150 people as I posted last night! I believe we finally turned things around in September. Hopefully you will see it too if things keep going in the positive direction both in opening markets and share price to follow. They are clearly not going after the value brand that nobody makes money on... I've pointed this is many times and even others are following suit.

[weedisgreen]

Just to be more blunt and I'm surprised you say no part. They want no part in the value brands but have been very clear they are big into the premium brands with high margin

[weedisgreen]

As a disclaimer as well, when I saw aurora was moving out of the value brands I picked up tilray for the run of the mill market.

[weedisgreen]

Also wanted to steer you correctly as this here is also in regards to recreational.

Earlier this month, Aurora said it agreed to [color=red][/color]buy a "significant equity stake" in Growery B.V., a Netherlands-based company that won a licen[color=red][/color]ce to participate in the experiment".

[weedisgreen]

Here is another data point. Not sure why u would think they gave up rec as it's clear they only are really after the rec business one can profit on.

""It's a massive, massive market," Aurora CEO Miguel Martin told Yahoo Finance Canada in a recent interview. "If you look at where the market is trending, and you look at that program being opened up to all 600 [coffeeshops], you get to about a $2.8 billion piece of business, which is about the same as Canada."

Sales of legal recreational cannabis in Canada totalled $2.6 billion in 2020, according to Statistics Canada."