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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 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.


TSX:ACB - Post by User

Bullboard Posts
Comment by oilcan2012on Oct 12, 2017 2:32pm
359 Views
Post# 26805763

RE:Bought some shares (easy trade/swing only)

RE:Bought some shares (easy trade/swing only)I would lay odds that it is already done with institutions playing a signifcant role in the placement.

starsearcher40 wrote: When ACB announced the bought deal at $3.00, it essentially froze the stock at (or near) that price while the bought deal gets done.  Bought deals are necessary evils for companies that are expanding all over the place, and it's too bad that ACB froze itself in the midst of a broader sector run.

Does that mean ACB is excluded from this run?  No, it means it has to go through a delay (bought deal) before it can play catch-up.  It will be interesting to see how long the bought deal actually takes.  They increased it by $10Million, so there's obviously high demand.  Will it take until November 2nd to complete?  I highly doubt that it will.

But it's in here then that the opportunity lays.  The stock may be frozen now, but as soon as the bought deal is complete, then the stock will rally.  And then add in the "catch-up" rally to the sector rise of the past few days.  Is this worth the wait? Well, this is where the second opportunity may be found.  I don't think the "wait" is going to be that long.  Even if to completion, it's only about 2 weeks from now.  But if it happens earlier, which I think it will, then it's easy/fast money.

As of today, I'm in for some trading/swing shares only.  Looking for a good time, not a long time.  ;)




Bullboard Posts