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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
Post by Analystguyon Aug 09, 2018 7:16pm
137 Views
Post# 28436904

Mildly optimisitic that the worst is over.

Mildly optimisitic that the worst is over.
Don't forget that it was the MedReleaf insiders who wanted to cash out and were searching for a vehicle liquid enough to facilitate their exit. They couldn't have cared less about LEAF shareholders let alone those of Aurora. Having said that, looking at a graphical history of prices and trades, one feels that we have gone through a classic pump and dump - the vote being the apex of the pump and the exit point for LEAF principals.

The good news is that trade volumes are returning to normal levels and prices appear to be stabalizing. This may mean that the worst is over. A lingering question I have, however, is if you look at ACB data in Webull, price oscillations are regular and centered on a specific price (non-random). As well RSI seems to be centered to a value around 48. These patterns don't appear in Aphria or Canopy Growth. It is almost as if the machines are trading the stock to achieve a pre-programmed value.
Bullboard Posts