48North Cannabis Corp. V.NRTH

My speculation has been debunked

[uptown59]

Earlier I had posted speculation that Aurora after securing financing through BMO, combined with Tgod liquidation and COH as of Mar 31, could possibly be in a position to buy out North at $3.

I now say this is not possible and anything below $3, even at this early stage, is shareholder robbery. Since my comments Aurora has posted Q4/year end financials and thier COH as of June 30 was aprox 172M, down from aprox. 346M end of March. Significant burn considering they also had aprox 98M revenue during Q4. So, Auroras SP since financials, and likewise over the summer months, has dropped considerably which would suggest investors are nervous and this does not bode well for making acquisitions.

Auroras SP is trending downward, lower lows, lower highs, and needs to show a reversal before its a buy. The interesting point is that they are now the largest pot company, beating Canopys revenues by 4M.

I do think that there may be opportunity for Aurora to buy some good quality organic cannibas, maybe say for about $7. per gram, which then could support thier European medicinal supply, lets hope.

GLTA