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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 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 PigeonBreathon Dec 14, 2016 12:02am
311 Views
Post# 25596258

Yet Another Theory

Yet Another TheoryApologies if someone already posted this; and please know that I spent no time on research so I don't know this as fact, but the reports of exempt distribution show that a Cayman investor (could possibly be 2, but seems unlikely) acquired at least $27.5mm in convertibe debentures and held $2mm already, together with warrants.  If they exercised the conversion right early, they might have tripped the takeover bid early warning system by taking ownership 10%+ of the total issued and outstanding shares of ACB.    

I don't know offhand if this triggers a trade halt pending news, but it would ultimately amount to mandatory non-news unless the shareholder actually wanted to pull a propertakeover to 20%.  I also didn't bother verifying the conversion restrictions to see if this is feasible.

Just wanted to join the speculation party.
Bullboard Posts