Connecting the dotsHow many times have you heard Aurora state it intends to enter the cannabis infused beverage space? Reviewing the
sequence of below press announcements so far this year, it appears ACB is actively persuing this goal - albeit with an
industry player much more established than the one it originally intended.
I believe that back in January ACB sought a strategic partnership with TGOD in order to leverage its management's
expertice in the beverage space (Cott Industries). At the time ACB agreed to provide TGOD with seed capital in return
for the option to acuire a majority interest in the company. All was proceeding according to plan - Cam Battley
appointed to TGOD board;TGOD announces launch into beverage industry; ACB following through on financing TGOD. Suddenly
and without any justification, ACB not only abandons its partnership with TGOD, but gives up the option to control the
company and even sells some TGOD shares. Why?
Is there something to this BNN rumor? I believe something happened this summer that set ACB on an alternative tactical
path toward achieving its goal - one that involved it being listed on the staid NYSE.
I would be interested to receive constructive criticism from the community as to their views on the below fact-based
sequence of events.
Jan 5 - ACB agrees to purchase 17.62% of TGOD if certain milestones are met. Has option to assume 51% of TGOD.
May 2 - ACB announces it will purchases 17.62% of TGODs shares.
May 11 - TGOD announces ACB's Cam Battley appointed to TGOD board.
May 28 - ACB purchases 39,674,584 TGOD shares.
Jun 6 - TGOD announces launch of global division focused on the beverage industry
Aug 2 - TGOD achieves milestone required by ACB for further 8% investment.
Sep 2 - ACB option to acquire additional 8% of TGOD at 10% discount expires.
Sep 4 - TGOD announces it would extend ACB share purchase option until October 12th.
Sep 17 - BNN reports rumor that KO and ACB are in discussions.
Sep 27 - Cam Battley resigns from TGOD's board tweets - "Found I had to recuse myself too often from board business"
Oct 9 - ACB announces it will list on NYSE
Oct 12 - ACB declines to excercise offer to acquire additional 8% of TGOD and abandons plan for 51% ownership.
Oct 14 - ACB sells 5 million TGOD shares.
Oct 23 - ACB launches on the NYSE