Aurora Cannabis Inc T.ACB

Alternate Symbol(s): T.ACB.WS.U | ACB

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 and cannabis-derivative products in Canada and internationally, and the propagation of vegetables and ornamental plants in North America. Its segments include Canadian Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol, IndiMed and CraftPlant. It also has a controlling interest in Bevo Farms Ltd., North America's supplier of propagated vegetables and ornamental plants in North America. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, TerraFarma Inc., Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others.

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Aurora Cannabis Inc

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Comment by Interpolation1on Jul 19, 2016 11:26am

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Post# 25065169

RE:RE:RE:RE:NR - LAWSUIT AGAINST ACB

I can truly say in 27 (maybe 28) years of Financial Analysis and some underwriting, I have never seen a Shareholder's Equity Section (including the convertibles) as long as ACB's in any Financial Statement. I still own but may sell today ... seems like the whole sector just goes up and up ... and we are static. The 19.5% interest rate on financing seems odd to me as that is credit card cash advance rates. I am also pretty sure there are warrants there at $0.001 (as well as the lawsuit's $0.002 ones) .... I like ACB and may still hold but I think too fully diluted there are over 250 million shares? Market Cap is more than Aphria's ... something seems amiss.

Tweedlede wrote:

brentkosta wrote:

Tweedlede wrote:

Interpolation1 wrote:
Cannavest Files Lawsuit Against Aurora Cannabis Inc.

(via Thenewswire.ca)

Vancouver, BC / TheNewswire / July 19, 2016 - Cannavest Capital Corp. ("Cannavest") announces that it has filed a lawsuit against Aurora Cannabis Inc. (CSE: ACB, OTCQX: ACBFF) ("Aurora") in the Supreme Court of British Columbia.

Cannavest is challenging Aurora's refusal to honour Cannavest's legal right to exercise common share purchase warrants (the "Warrants") for common shares in the capital of Aurora at a price of $0.02 per common share. Nine million Warrants were originally granted to Cannavest while Aurora was a private company and were, subsequently, reissued to Cannavest by Aurora when the common shares of Aurora listed on the Canadian Securities Exchange on December 9, 2014. On December 4, 2015 Cannavest exercised 500,000 of the 9,000,000 warrants it holds. Aurora failed to issue 500,000 shares to Cannavest or provide it with share certificates and new warrants reflecting the balance of the shares purchasable under the Warrants. Cannavest has retained the services of Miller Thomson LLP to enforce its lawful right to the Warrants, and the underlying common shares, and to claim for damages. A trial has tentatively been set for March 2017.

Copyright (c) 2016 TheNewswire - All rights reserved.

Holy Schamoley thank you. I was literally going to buy some ACB today. Lets see how this plays out.

I sold at the same price I bought. Lost commissions. Cant touch this right now. Massive dilution, lawsuits and nothing sexy coming. Better places to park my money

Nice save. I find ACB's share structure very confusing, and one of the main reasons I've avoided it so far. Obviously this is a real issue if they have 9M outstanding warrants at .2 cents! And they don't even want to release 500K!? WTF is going on here. A deal is a deal.