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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 trendstron Aug 04, 2018 4:18pm
112 Views
Post# 28415172

RE:Good news!

RE:Good news!Mike Johnston (phon), a viewer on Facebook, wants to know, hed like a comment as to why the stock has declined so much while the company continues to make what seems like positive announcements. Cam Battley: Not just positive announcements; were exactly where we need to be, with the capabilities that we need to have, at exactly the right time. So thats my opening comment on that. But lets speak directly to the share price: what were seeing right now is a couple of things. I think one is, risk capital has gone to the cottage for the summer. James West: Muskoka, in fact. Cam Battley: Yeah, and weve actually, were seeing something that was very similar to last year. So last summer, Auroras stock was, and actually the sector, was a little bit soft; lower volumes through the summer, and then picked up and then really started to run in the Fall. So I think thats part of it. Theres another part of it, too: we just are digesting a massive acquisition, MedReleaf. And my sense is that some of those MedReleaf shareholders, some of the larger shareholders there, have been seeking liquidity, so they may be holding us back a little bit, and once thats through, I expect the pressure will be taken off the stock. James West: Sure. So they view this event as an exit strategy for them, which they might be leaving a lot of money on the table, by my understanding, because if we talk about the Australis transaction that is going on laterally to whats happening here, it seems to me that theres an opportunity to get a free ride in the US market on the heels of one of the most powerful and dynamic cannabis companies in the world. Cam Battley: So Im really proud of what weve put together with respect to Australis Capital Corporation which, of course, is our divestment of our US assets. But its a heck of a lot more than that. Were spinning this company off to our shareholders, so each of our shareholders, as of the record date I dont have that just yet, but itll be shortly will receive a share, and a warrant, in Australis Capital Corporation. So we have to make sure that it is completely separate from us in order to satisfy the TSX and future US listing. We have to make sure that its completely separate, and thats what were doing. We are going to have a separate management, separate
Bullboard Posts