RE:Aurora ALPS-Interesting ArticleInsane. A pump and dump of the grandest scale. The architects are what you get if you vote with the dissidents. The existing management were part time board members who are now full time c suite. They got on the board due to their resumes so with them now fully in control it's clearly the best path forward. That's how I'm voting. And watching AUsA closely going into the AGm as trading op exists
quote=oilcan2012]
Of note, the compenstaion/bonus model is interesting??
"Instead, Aurora’s acquisition of Larssen illustrates the lack of focus demonstrated by the largest cannabis companies: Were they in the business of delighting customers, building greenhouses or selling stock?
Three years later, Aurora quietly admitted in a regulatory filing it was selling Larssen back to its original owner “for a nominal amount.” "In the case of at least Aurora, executive bonuses at the time were partially tied to building cannabis production in Canada and establishing new facilities outside Canada, a regulatory filingshows.
That created an incentive for executives to not only pursue M&A to build up production capacity but also to continue building out their own massive facilities.
They were effectively incentivized to build greenhouses, fueling investor – not consumer – demand."
More at:
https://mjbizdaily.com/how-canadian-cannabis-firms-lost-millions-on-bad-greenhouse-deals/
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