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BLACKROCK Municipal Income TRUST V.BFK.P


Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.


NYSE:BFK - Post by User

Post by CougerMilkon Sep 22, 2020 4:52pm
161 Views
Post# 31600226

Hexo impact on ACB?

Hexo impact on ACB?Some excerpts from $ACB Q4 https://www.prnewswire.com/news-releases/aurora-cannabis-announces-fiscal-fourth-quarter-2020-results-301136105.html
 
Aurora has slipped from its top position in Canadian consumer... We look to expand beyond the value flower segment... prioritizing our San Rafael, Aurora and Whistler premium brands in flower, pre-rolls and vapor, which will be shortly followed by strategic marketing and innovation efforts in concentrates and edibles."

"Consumer cannabis net revenue1 was $35.3 million, a decrease of 9% over the previous quarter." 

"Consumer cannabis extract net revenue decreased by $1.5 million as compared to the prior quarter driven primarily by a loss of market share for vaporizer products."

(some write downs, reduced cash burn, etc). 

To me, ACB's Q4 means it is falling behind in some recreational product markets, in which Hexo's is partly setting the pace.  


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