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Aurora Cannabis Inc T.ACB

Alternate Symbol(s):  ACB | T.ACB.WS.U

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company's principal business lines are focused on the production, distribution, and sale of cannabis related products in Canada and internationally. The Company’s segments include Canadian Cannabis, European Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol and CraftPlant. Its cannabis products are primarily cultivated and manufactured in the facilities in Edmonton, Alberta; Bradford Ontario; Pemberton, British Columbia, and Odense, Denmark. The Company is focused on offering its cannabis products to global medical cannabis market, recreational cannabis market and global hemp-derived cannabidiol (CBD) markets.


TSX:ACB - Post by User

Bullboard Posts
Comment by drdeanon Nov 21, 2017 3:19pm
216 Views
Post# 27006030

RE:RE:RE:So most are confident

RE:RE:RE:So most are confident this is indeed correct. The CMED board collectively owns or controls almost exactly 38% of shares. The three largest shareholders are (according to SEDI): Golden Opportunities Fund with 3,978,668 shares (17.7%); Saskworks Venture Fund with 1,943,064 shares; and Brent Zettl, CEO of CMED with 970,094 shares (4%), with another 1.38 million options. Golden Opportunities Fund is represented on the CMED board by Doug Banzet; Saskworks was represented by Rob Duguid until a couple of days ago. Rob also controlled shares of Apex Funds with about 5% (Apex + Saskworks = 11.5%). Also on the Board is Dwayne Lashyne (Quantico Capital) with 611,500 shares, and Donald Ching with almost 300,000 shares. 

Total float: just shy of 23 million.

So for sure, the CMED Board (or at least some of them) approached ACB. But Rob's departure was certainly curious in this context, as was the deal with HIP. Not sure what's going on behind the scenes, but looking forward to finding out the full story.




Bullboard Posts